On Thursday Barclays said, it has appointed Hossein Zaimi as its head of markets for Asia Pacific; he will be joining the bank after a long career at HSBC. Zaimi will continue to be based in Hong Kong and report to… Read More ›
Barclays
German prosecutors raid Morgan Stanley’s German branch
As per a spokesperson for Morgan Stanley’s German branch, German prosecutors in Frankfurt searched its office in relation to a “past activity” on Tuesday. Earlier on Tuesday German prosecutors said, they were searching a bank in Frankfurt as well as… Read More ›
Barclays facing $592M loss, increased regulatory scrutiny over non-compliance of sales limit of structured products
In a significant development, Barclays is facing an estimated $592 million (450 million pound) loss and regulatory scrutiny for exceeding a U.S. limit on sales of structured products, some of which have surged in popularity following the Russian invasion of… Read More ›
US Appeals Court revives Libor rigging claims against big banks
In a significant development a U.S. appeals court has revived a litigation wherein large banks had been accused of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost their profits at investors’ expense… Read More ›
Barclays appoints Ingrid Hengster as head of Germany
On Thursday Barclays said, it has appointed Ingrid Hengster as the CEO for Germany; the bank also appointed her as its global chairman for investment banking. Hengster joins from KfW Bankengruppe. The move in a series of appointments sees Barclays… Read More ›
Grab raises $2 billion from first term loan midst strong demand from institutional investors
In a statement, Southeast Asian ride-hailing and food delivery giant Grab said, it has raised $2 billion from its first term loan, in what is said to be the biggest institutional debt in Asia’s technology sector. The development comes as… Read More ›
Barclays’ investment banking division appoints Manuel Esteve as head of its equity capital markets in Europe
On Monday in a statement Barclays’ investment banking division said, J.P. Morgan’s Manuel Esteve will head its equity capital markets in Continental Europe. Esteve has been a managing director at J.P. Morgan’s equity capital markets for nearly 2 decades, 18… Read More ›
Norway’s sovereign wealth fund backs AGM resolution for ‘net zero’ bank by 2050
On Friday, in a statement Norway’s sovereign wealth fund stated, it will vote in favor of a resolution which will commit Barclays to tackle climate change at the bank’s annual general meeting on May 7. The resolution calls on Barclays… Read More ›
Bank of England to push result of 2019 Bank Stress Test on Dec. 10
The test was to see whether banks have enough capital to take on stressful economic conditions. On Friday, UK’s central bank, the Bank of England said, it would publish the results of its annual assessment of banks’ readiness for financial… Read More ›
European Commission likely to penalise banks for rigging foreign exchange rates
Banks that are likely to face the legal heat include HSBC, Barclays, JPMorgan, Citigroup, UBS, Royal Bank of Scotland, as well as a small Japanese bank. According to two sources familiar with the matter at hand, the European Commission is… Read More ›
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