Barclays Archives - CFO

Disney Surge May Accelerate Fox Deal Closing

Disney Surge May Accelerate Fox Deal Closing

The company's quarterly earnings and revenue solidly beat forecasts, perhaps opening the door to an early-2019 completion of Fox assets acquisition.

By David McCann | November 9, 2018

Barclays Shares Jump 4.4% on Dividend Hike

Investment Banking

Barclays Shares Jump 4.4% on Dividend Hike

The bank had cut the dividend by more than half two years ago but is confident it will "generate excess capital going forward."

By Matthew Heller | February 22, 2018

Tax Bill Forces Barclays to Take $1.2B Charge

Tax Bill Forces Barclays to Take $1.2B Charge

The bank is joining other companies that are writing down the value of their deferred tax assets in the wake of the U.S. legislation.

By Matthew Heller | December 27, 2017

Deutsche, Credit Suisse Settle MBS Cases for $12B

Risk & Compliance

Deutsche, Credit Suisse Settle MBS Cases for $12B

The settlements with U.S. authorities ease investor concerns over the impact of the MBS scandal on the shaky European banking industry.

By Matthew Heller | December 23, 2016

U.S. Sues Barclays Over $30B in Toxic RMBS

Risk & Compliance

U.S. Sues Barclays Over $30B in Toxic RMBS

Due diligence vendors described some of the loans underlying the securities as having the “distinct aroma of default.”

By Matthew Heller | December 22, 2016

Circle Gets U.K. Approval for Payments App

Circle Gets U.K. Approval for Payments App

For the first time, Circle says, "any consumer in the U.S. and the U.K. will be able to beam sterling and dollars back and forth, instantly for free."

By Katie Kuehner-Hebert | April 6, 2016

Barclays, Credit Suisse Fined $154M Over Dark Pools

Barclays, Credit Suisse Fined $154M Over Dark Pools

The SEC and New York State allege the banks misrepresented that they would keep high-frequency traders out of their alternative trading systems.

By Matthew Heller | February 2, 2016

Barclays Fined $150M Over ‘Last Look’ System

Risk & Compliance

Barclays Fined $150M Over ‘Last Look’ System

Barclays did not seek 'to distinguish toxic order flow from instances in which prices merely happened to move in favor of the customer,' said the NYFDS.

By Matthew Heller | November 19, 2015

S&P Kicks Off European Bank Downgrades

S&P Kicks Off European Bank Downgrades

The EU's bank-resolution law, which requires creditors to take losses before the government steps in, will lead to more ratings actions.

By Katie Kuehner-Hebert | February 4, 2015

Buybacks, Dividends Consume 95% of Earnings

Corporate Finance

Buybacks, Dividends Consume 95% of Earnings

The amount of profits dedicated to shareholder payouts is up 10 percentage points from the long-term average.

By Matthew Heller | October 6, 2014

Banks Clamping Down on Unethical Currency Traders

Risk Management

Banks Clamping Down on Unethical Currency Traders

After several probes revealed FX dealers are leaking customer information for profit, some top banks are reacting by introducing restrictive measures.

By Iris Dorbian | September 16, 2014

Are Bankers Overcharging for FX Transactions?

Global Business

Are Bankers Overcharging for FX Transactions?

The Justice Department is investigating sales practices of foreign-exchange banks as part of a wider probe into FX market rigging.

By Vincent Ryan | June 23, 2014

Banks and Commodity Trading: Sell Signals

Risk & Compliance

Banks and Commodity Trading: Sell Signals

Banks are scrambling to ditch their commodity-trading businesses.

By Economist Staff | April 30, 2014

Huge Breach Leaks Barclays Data

Huge Breach Leaks Barclays Data

Barclays reportedly could face "an unlimited fine" if found guilty of putting customer data at risk.

By David Katz | February 10, 2014

European Banks Face Libor Liabilities

European Banks Face Libor Liabilities

Different accounting rules could mean a quicker, bigger hit on their balance sheets.

By Andrew Sawers | December 15, 2012