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Barclays PLC

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  • BoE in the Spotlight over Libor Fixing     Wednesday, 4 Jul 2012 | 3:30 AM ET

    "Around about the time of the financial crisis a lot of the Libor rates were quite elevated and it was used by the MPC as an indicator of the stress in the financial system when banks were finding it harder to access capital the spread went higher," Andrew Sentance, former monetary policy committee member at the BoE, told CNBC.

  • "We started last year an investigation from the antitrust point of view, we had signals that some banks were developing illegal agreements according to competition rules and we started an investigation about a group of banks, not only British," Joaquin Almunia, EU commissioner for competition, told CNBC.

  • JPMorgan Downgrade 'Long Time Coming': Whitney Tuesday, 3 Jul 2012 | 1:54 PM ET

    Meredith Whitney, CEO of the Meredith Whitney Advisory Group, downgraded JPMorgan to “hold” on Tuesday and told CNBC that it had been a "long time coming."

  • A woman leaves a branch of Barclays Bank in central London, Monday, April 23, 2007. ABN Amro NV and Barclays PLC announced Monday they have agreed to merge, in the largest cross-border combination in European banking history. (AP Photo/Sang Tan)

    Britain's growing interest rate-fixing scandal could claim yet another high-level victim: Paul Tucker, the man tipped to eventually become the next head of the Bank of England.

  • Stocks End Higher Ahead of Holiday; Energy Gains Tuesday, 3 Jul 2012 | 1:17 PM ET

    Stocks closed near session highs Tuesday on a holiday-shortened trading session, led by energy, as investors cheered a better-than-expected factory orders report.

  • Barclays CEO Faced Rebellion in New York Over Scandal Tuesday, 3 Jul 2012 | 12:07 PM ET
    Robert Diamond, CEO of Barclays.

    "If Diamond had showed up in the company gym, someone would have clocked him," one trader said.

  • Barclays Fallout Update     Tuesday, 3 Jul 2012 | 11:05 AM ET

    CNBC's Kelly Evans reports the latest details on the departure of Barclays CEO Bob Diamond, amid the developing Libor scandal. Anton Schutz, Mendon Capital Advisors president & CIO, offers insight.

  • Futures Trade Flat; MSFT Slips, Barclays Gains Tuesday, 3 Jul 2012 | 9:22 AM ET

    U.S. stock index futures hovered around the flatline Tuesday ahead of a shortened pre-holiday trading day, as investors awaited the factory orders report.

  • Stocks to Watch: BCS, MSFT, CHK & More Tuesday, 3 Jul 2012 | 8:17 AM ET

    Take a look at some of Tuesday’s morning movers:

  • Was Bob Diamond Used as a Scapegoat?     Tuesday, 3 Jul 2012 | 4:00 AM ET

    Cormac Leech, bank equity researcher at Liberum Capital and Vasu Menon, vice president wealth at OCBC Bank, joined CNBC to discuss the implications of Bob Diamond's resignation as CEO of Barclays.

  • Barclays Executives Are Said to Know of Low Rates Tuesday, 3 Jul 2012 | 2:58 AM ET

    Robert E. Diamond Jr., the chief executive of Barclays, told employees on Monday that he was “disappointed and angry” about the bank’s past attempts to manipulate key interest rates to bolster its bottom line.

  • "I am a little surprised at the timing of this as we got through the weekend and the pretty awful publicity and the attacks on Bob Diamond but I think there has been a discussion on the board that this has started to have a major impact on confidence in Barclays and they want to restore the reputation," Chris Wheeler, bank analyst at Mediobanca, told CNBC.

  • Diamond Withdraws From Romney Event Tuesday, 3 Jul 2012 | 2:14 AM ET
    Bob Diamond

    Bob Diamond, chief executive of Barclays, has pulled out of hosting a London fundraiser for Mitt Romney, the Republican presidential nominee, as the bank faces growing pressure over its role in the price-fixing of lending rates, the Financial Times reports.

  • Barclays Chief Threatens to Hit Back Tuesday, 3 Jul 2012 | 12:42 AM ET
    Bob Diamond

    Bob Diamond is threatening to reveal potentially embarrassing details about Barclays’ dealings with regulators if he comes under fire at a parliamentary hearing on Wednesday over the Libor rate-setting scandal, according to people close to the bank’s chief executive. The FT reports.

  • Stocks End Flat as Fed Hopes Offset Weak ISM Monday, 2 Jul 2012 | 5:09 PM ET

    Stocks trimmed most of their losses to close narrowly mixed Monday as hopes for stimulus from the Federal Reserve helped limit losses following a disappointing manufacturing report.

  • Barclays Was Rigging Libor: CFTC’s Gensler Monday, 2 Jul 2012 | 12:24 PM ET

    British bank Barclays was attempting to manipulate the Libor interest rate and falsely reporting it, CFTC Chairman Gary Gensler told CNBC’s “Squawk Box.”

  • Futures Mixed After Rally; Growth Woes Weigh Monday, 2 Jul 2012 | 8:47 AM ET

    U.S. stock index futures were narrowly mixed Monday following a sharp rally in the previous session as investors looked for direction in response to new initiatives agreed in Europe, while worries over weakness in China limited gains.

  • Stocks to Watch: AMLN, LNCR, IM & More Monday, 2 Jul 2012 | 7:49 AM ET

    Take a look at some of Monday’s morning movers:

  • Barclays Libor Fallout     Monday, 2 Jul 2012 | 7:35 AM ET

    Discussing the resignation of Marcus Agius, Barclays' CEO, less than a week after the British bank agreed to pay $450 million in fines for its role in fixing interest rate prices, with Gary Gensler, Commodity Futures Trading Commission chairman.

  • Stocks Soar; Dow Posts Best June Since 1997 Friday, 29 Jun 2012 | 4:31 PM ET

    Stocks finished the final trading day of the weak second quarter with a huge bang as Wall Street cheered a surprise agreement by EU leaders to help the region's struggling banks.