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Barclays PLC

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  • Central Bank Rate Cuts Hurting Carry Trades? Thursday, 12 Jul 2012 | 11:17 AM ET

    The softening global economy is leading central banks to cut rates, and that could change your carry trade strategy.

  • Has the Libor Scandal Hurt London's Reputation?     Thursday, 12 Jul 2012 | 5:20 AM ET

    "This is a very big blow for Barclays, it's a blow for banks, it's a blow for London, the question is how much? Because the first big bank to be fined is in London it is certainly having an adverse effect on reputation," Mark Boleat, policy chairman at the City of London Corporation, told CNBC.

  • Jamie Dimon, chief executive officer of JPMorgan Chase & Co.

    The decision by U.S. regulators to overhaul supervision of the country's largest banks following the financial crisis left front-line suprevisors without a deep knowledge of JPMorgan's trading operations during a brief yet critical moment, the New York Times reports.

  • HSBC Braced For Huge US Penalty Wednesday, 11 Jul 2012 | 7:42 PM ET
    A sign featuring the logo of the banking giant HSBC hangs outside a branch on December 11, 2003 in Hong Kong. The London-based bank, which operates in 79 countries, gave an upbeat tone for the global economy March 1, 2004 including its key Hong Kong market by reporting a record annual pre-tax profit of ?7.7bn ($14.4). (

    HSBC is to apologize to US lawmakers for failing to have appropriate controls in place to ensure it did not facilitate the financing of terrorism and other criminal activities, transgressions that analysts estimate may cost it up to $1 billion in fines.The FT reports.

  • Were The Barclays Traders Delusional? Wednesday, 11 Jul 2012 | 4:57 PM ET

    One of the oddest things about the Barclays Libor manipulation scandal is that no one has actually demonstrated that the British bank ever successfully manipulated Libor.

  • Bair on Averting a European Bank Run     Wednesday, 11 Jul 2012 | 7:31 AM ET

    Former chair of the FDIC, Sheila Bair, discusses the looming fiscal fiasco in Europe; JPMorgan's trading losses; and weighs in on Barclays rate fixing scandal.

  • Rate Scandal Stirs Scramble for Damages Tuesday, 10 Jul 2012 | 11:11 PM ET

    As unemployment climbed and tax revenue fell, the city of Baltimore laid off employees and cut services in the midst of the financial crisis. Its leaders now say the city’s troubles were aggravated by bankers’ manipulation of a key interest rate linked to hundreds of millions of dollars the city had borrowed.

  • How to Manipulate Libor Rates Tuesday, 10 Jul 2012 | 1:28 PM ET

    We know for a certainty that derivatives traders at Barclays were influencing the people charged with submitting the bank's Libor figures to fudge the numbers. What remains a mystery, however, is what these guys thought they were doing.

  • Robert Diamond, CEO of Barclays.

    Former Barclays CEO Martin Taylor says he had asked Bob Diamond to stay on as head of Barclays Capital back in 1998 after the latter offered to resign following losses of hundreds of millions of pounds from Russia's debt default.

  • Earnings Are the Next Big Test for Stocks Sunday, 8 Jul 2012 | 7:06 PM ET

    The impact of Europe's debt crisis on US companies is about to come out in the wash as second-quarter earnings season kicks off with Alcoa on Monday. Plus, China economic data.

  • Libor Rates: A Readers Guide Friday, 6 Jul 2012 | 7:13 PM ET

    Now that Barclays has admitted that for years it rigged its submissions for the London Interbank Offered Rate, or Libor, it’s probably worth taking a closer look at how this key interest rate benchmark is calculated.

  • More Gloom Ahead For Investors: Strategist Friday, 6 Jul 2012 | 4:51 PM ET

    Ready for some good economic news? Don't ask the currency strategists at Barclays Capital.

  • Stocks Close Lower After Weak Jobs Report Friday, 6 Jul 2012 | 4:33 PM ET

    Stocks eased off their worst levels in the final hour of trading, but still finished firmly in the red Friday on the heels of a disappointing June government jobs report.

  • Talking Numbers: Buy Beaten Up Barclays?     Friday, 6 Jul 2012 | 3:30 PM ET

    Mark Newton, Greywolf Execution Partners, and Peter Boockvar, Miller Tabak, discuss whether it's time to buy Barclays amid allegations that the bank manipulated the Libor rate.

  • Regulators Spoke, But What did Barclays Hear? Friday, 6 Jul 2012 | 1:24 PM ET

    Barclays may have lost its chairman, chief executive and chief operating officer but the bank remains as defiant as ever about the Libor scandal.

  • Doug Kass: Market Facing Potentially Toxic Cocktail Friday, 6 Jul 2012 | 1:16 PM ET

    Famed market timer Doug Kass believes the market is at a critical juncture. And he doesn’t think it takes much more for it to tip over, entirely.

  • Warren Buffett

    Warren Buffett likes bank stocks, just not investment banks. And for good reason.

  • The Fallout From Libor     Friday, 6 Jul 2012 | 5:05 AM ET

    Philip Parker, Founder, Managing Director and CIO at Parker Asset Management and Justin O'Brien, Director, Centre of Law, Markets and Regulation at The University of New South Wales debate on the impact of the Libor scandal on the banking industry and whether there will be another form of rate that will be used instead.

  • Stocks End Lower Ahead of Jobs; Apple Gains Thursday, 5 Jul 2012 | 4:11 PM ET

    Stocks closed lower in thin trading Thursday after a round of interest rate cuts by major central banks and as investors remained cautious ahead of Friday’s key government jobs report.

  • Futures Turn Lower After Draghi Comments Thursday, 5 Jul 2012 | 8:48 AM ET

    Futures turned negative again in choppy pre-market trading Thursday as grim comments from ECB President Mario Draghi weighed on sentiment and even trumped a pair of better-than-expected employment reports.