Company: Barclays PLC

Britain's Barclays said it is to sell all of its $6.1 billion stake in U.S. asset manager BlackRock which it has held for almost three years.

The Securities and Exchange Commission has been getting tougher on insider trading on Wall Street, but its potential target may be too wide, The New York Times reports.

A federal judge in New York has rejected UBS AG's bid to dismiss a federal regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.

Over a quarter of shareholders casting votes voiced opposition to the remuneration report of British bank Barclays, as investors expressed discontent over the 17 million pounds ($27.5 million) pay package handed to CEO Bob Diamond last year.

Barclays posted a 22 percent rise in first-quarter profit, ahead of market forecasts, as a strong rebound in revenue from its investment banking arm and a drop in bad debt countered increased compensation for insurance mis-selling.

Shareholders in Barclays have forced the British bank to accept tougher bonus conditions and promise higher dividends, highlighting how the balance of power between investors and managers is shifting at some of the biggest global banks, the FT reports.

BlackRock, the world's largest asset manager, said first-quarter profits were steady, bolstered by strong inflows into its popular iShares exchange-traded fund business.

Stocks closed mixed Monday, with the Dow edging closer to the psychologically-important 13,000 level and the S&P 500 holding near its key 1,370 level, but gains were limited as the Nasdaq was dragged down by heavyweights such as Apple and Google.

U.S. stock index futures were higher Monday after retail sales gained more-than-expected last Month, and as investors digested Citigroup's earnings report.

Barclays’ controversial tax planning business will come under fresh scrutiny in a U.S. court this week over whether a transaction designed by the bank cost the U.S. government more than $1 billion in lost tax receipts. The FT reports

Financial firms in Britain, including banks hit in 2011 by the euro zone debt crisis, have started taking on new staff again, confounding forecasts for more lay-offs, according to a new industry survey.

Hiring is back in a big way on many college campuses, one of several signs a recovery in the U.S. jobs market is gaining traction.

A pick-up in trading revenue in the first quarter of 2012 disguises a chilling future for investment banks who need to drastically cull their business under new regulation.

More than 20 commodities traders have left the Wall Street firm in the last few months, raising questions about Goldman's compensation levels.

Shares of mobile advertising firm Millennial Media nearly doubled in their New York Stock Exchange debut on Thursday, opening at $25.