Barclays PLC


  • 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.

  • We Need to Hear More Evidence Re Barclays: CIO     Wednesday, 4 Jul 2012 | 2:00 AM ET

    "We have to look at both what happened before the financial crisis where there was some manipulation and then of course what happened after the financial crisis was there some miscommunication for Barclays to keep the Libor rates down," Nancy Curtin, Chief Investment Officer, Close Brothers Asset Management, told CNBC.

  • "Yes what happened at Barclays was unfortunate and it shouldn't have happened, but the ability of the British political classes to ramp up what was a problem into a potential disaster, is absolutely staggering," Chris Roebuck, professor at Cass Business School, told CNBC.

  • Is there a Regulatory Crisis in the UK?     Wednesday, 4 Jul 2012 | 1:00 AM ET

    "What worries me about the way that this has been approached is that there have been elements of the mob behind this and political opportunism behind this and that worries me because we saw nothing whatsoever from any of these politicians six or seven years ago," Simon Derrick, chief currency strategist at BNY Mellon, told CNBC.

  • Possible Bank Collusion in Libor Scandal     Tuesday, 3 Jul 2012 | 10:05 PM ET

    Uwe Parpart, Managing Director, Head of Research, Reorient Financial Markets says the only way Barclays could manipulate Libor rates would be through collusion between other banks.

  • Inquiry into Barclays Will Be 'Eye-Opening'     Tuesday, 3 Jul 2012 | 9:40 PM ET

    Marc Lopresti, Managing Partner at securities law firm Tagliaferro & LoPresti calls the probe into interbank offer rates an unprecedented co-operation of regulators in the developed world.

  • Banks to Face Intense Regulation     Tuesday, 3 Jul 2012 | 7:50 PM ET

    Alastair Newton, Senior Political Analyst at Nomura says that banks will be the targets of political pressure after the Barclays crisis and they will also face more intense regulation from governments.

  • 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.

  • Watching Barclays & the Libor Scandal     Tuesday, 3 Jul 2012 | 1:14 PM ET

    CNBC's John Carney shares his opinions on Barclays CEO Bob Diamond's letter to employees regarding his resignation and the Libor scandal.

  • Barclays CEO Bob Diamond Resigns     Tuesday, 3 Jul 2012 | 1:05 PM ET

    CNBC's Kelly Evans reports the latest details on the departure of Barclays CEO Bob Diamond, amid the developing Libor rate-fixing investigation.

  • 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.

  • Barclays Rate-Fixing Scandal Fallout     Tuesday, 3 Jul 2012 | 10:09 AM ET

    Barclays COO del Missier, CEO Diamond, and chairman Agius all announced their departures from the company. Jeffrey Sonnenfeld, Yale senior associate dean, weighs in on where the company might be headed without its top leaders.

  • Barclays Chief Operating Officer Resigns     Tuesday, 3 Jul 2012 | 9:40 AM ET

    The "Squawk on the Street" news team reports Jerry Del Missier, Barclays chief operating officer has resigned, amid the growing Libor scandal.

  • 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:

  • Global Markets Update: Barclays CEO Resigns     Tuesday, 3 Jul 2012 | 6:12 AM ET

    CNBC's Kelly Evans reports on all the market moving events from Europe, including the departure of Bob Diamond, Barclays embattled chief executive, amid the growing Libor scandal.