Barclays PLC

Ex-Barclays Trader Wins $190,000 Job at Bank That Fired Him

A former Barclays trader fired over the misuse of an electronic trading program won a long-shot campaign to get a job back at the bank.<p>David …

Financial Services

STOXX 600 Q2 '18 Earnings Review - A Tale Of Two Sectors

<i>By Tajinder Dhillon</i><p>With roughly 85% of companies in the STOXX 600 reporting earnings, let's review how 18Q2 earnings season has played out.<p>In my 18Q2 …

Investing

Germany's EWE Said to Get Binding Bids Soon for Turkish Assets

German utility company EWE AG is forging ahead with plans to sell Turkish assets even as the country goes through its worst currency crisis since …

Barclays Bank

BlackRock Among Investors Hit By Turkey Turmoil

Turkey’s violent market trading caught several major investors wrong-footed<p>Asset management giant BlackRock Inc., a star bond trader at Barclays PLC and a major hedge fund are among the investors nursing losses from Turkey’s violent market trading in recent days.<p>The Turkish lira’s falls on Friday …

Stock Markets

Citi Touts European Banks in ‘World’s Biggest Contrarian Trade’

European banking stocks have been punished like no other sector in the region this year. Unless you’re expecting a financial crisis, now may be the …

Stock Markets

How worried should banks be about the FBI’s ATM attack warning?

Banks — especially smaller ones — are being told to brace themselves for a wave of ATM raids by cybercrooks. Industry officials are uncertain what …

ATMs

Deutsche Bank Traders Reaped $35 Million on Turkey Turmoil

Deutsche Bank AG fixed-income traders generated a $35 million profit in two weeks as economic turmoil in Turkey triggered a slump in assets across …

Deutsche Bank

Jokowi Plans Record Spending in Indonesia's Election Year

Indonesian President Joko Widodo plans a record spending next year to support growth as he seeks to shield the $1 trillion economy from an …

Budget Deficit

Barclays Trader Faces $19 Million Loss on Turkey Bonds

A senior Barclays Plc trader has faced losses of about 15 million pounds ($19 million) on Turkish bonds over the past few days, according to people …

Markets

Barclays trader reportedly took a $19 million hit from Turkish bonds

A trader at Barclays PLC BCS, -2.51% reportedly suffered a loss of around 15 million pounds ($19 million) from trading Turkish corporate bonds in the …

Barclays Bank

Powell to Keep Hiking as U.S. Growth Overshadows Turkey Turmoil

Don’t count on a Powell Pause.<p>That’s the message seasoned watchers of the Federal Reserve have for any investors hoping that turmoil in Turkey and …

Economy

Early Estimates See Slower-But-Still-Strong Growth For U.S. Q3 GDP

The first official third-quarter report on US GDP is more than two months away, but the preliminary nowcasts point to a softer-but-still-solid gain, …

Business

Blockchain and Artificial Intelligence Innovation Dominate Theme of Recent FCA Regulatory Sandbox New Successful Companies

<b>Blockchain technology company Fineqia International Inc. (CSE: FNQ.CN), (OTC: FNQQF) to test issuance and administration of bonds backed by cryptoassets</b><p>POINT ROBERTS, WA AND DELTA, BC, Aug. 14, 2018 /CNW/ - Investorideas.com, a leader in Blockchain content with its Bitcoin and Blockchain portals</b> …

Administrative Law

Dambisa Moyo, Mildstorm CEO, elected to 3M board of directors - Minneapolis / St. Paul Business Journal

By Alex Wittenberg <br>– Staff writer, Minneapolis / St. Paul Business Journal<p>Aug 13, 2018, 11:36am CDT<p>Economist Dambisa Moyo will join the 3M Co. board …

Minneapolis-Saint Paul

Bankers, Celebrities Sue Over Film Deals Turned Tax Avoidance

Bankers, athletes and celebrities are suing Ingenious Media Holdings Plc, saying that they were misled about investments in the film industry that …

Credit Suisse

Europe Finally Gets Its Share of Mega Buybacks

Europe’s equity market may finally be getting a hand from the force that has supercharged the U.S. stock rally since the global financial crisis: …

Business

Deutsche Bank Cuts Costs Again. Not Even Fruit Bowls Are Safe

The list of perks at Deutsche Bank AG is shrinking fast.<p>Investment bankers at Germany’s largest lender have been told to travel coach class on …

Deutsche Bank

HSBC Shifts London's Control Over European Units to France

1 / 2<p>American Water Arm to Invest $2M in Water Services Upgrade<p>American Water Works' (AWK) unit is likely to invest $2 million in replacing 7,000 …

Credit Suisse

FTSE 100 pulled down as Turkey contagion concerns grow

U.K. stocks traded solidly lower on Friday, dragged down alongside the broader European equity market, on mounting concerns that Turkey’s currency …

Stock Markets

Barclays Expands Cash-Equities Trading With Six Senior Hires

Barclays Plc is continuing its push to expand stock trading with six senior hires.<p>The bank appointed Mike Lewis as managing director of U.S. equities …

Deutsche Bank

Absa's divorce from Barclays cost R1.4 billion

CAPE TOWN - Absa’s decision to divorce from Barclays this year saw the banking giants half-year profits fall by 4 percent, which translated to R1.4 …

Samsung Pay

Meet the Guy Tasked With Hearing Your Tax and Trade Complaints

Senate Majority Leader Mitch McConnell’s new top economic policy aide has a complicated checklist: oversee implementation of the new tax law and …

Mitch McConnell

Barclays Lures Large Analyst Team From SocGen

Barclays Plc, one of Europe’s biggest investment banks, hired a team of equity analysts from rival Societe Generale SA as Chief Executive Officer Jes …

European Union

Scotiabank Eyes Expanded Products for Jarislowsky Fraser Unit

Bank of Nova Scotia is seeking to make its newly acquired Jarislowsky Fraser wealth business a little more worldly.<p>There is “a willingness and an …

Bay Street

Biggest Rate Hike in a Decade on the Cards for Philippines

The question facing policy makers in the Philippines is not whether to raise interest rates for a third time in a row, but by how much.<p>A booming …

Economics

Glencore Keeping Powder Dry Poses Question: Deals or Dividends?

Glencore Plc posted record interim profit and cut debt to below target, but left investors guessing about what it will do with all the extra cash.<p>The …

Glencore

Bruce Ratner deal signals decline of New York real estate families

Bruce Ratner stood, shovel in hand, near the corner of Flatbush and Atlantic avenues in Brooklyn in March 2010. Flanked by mayor Michael Bloomberg, …

Real Estate

Barclays divorce helps Absa win back lost market share

Absa is beginning to claw back market share lost to its rivals during the Barclays era.<p>The banking group, which was SA’s largest home-loan lender a …

Business (South Africa)

Absa revenue slightly up, CEO optimistic after Barclays exit

Absa raised revenue by 3% to R37bn in the first half of the year, with CEO Maria Ramos saying the banking group was now free to set its own risk …

Business (South Africa)

Absa Group interim earnings grow 3% to R8 billion

JOHANNESBURG - Absa Group on Monday reported a three percent increase in earnings to R8 billion for six months ending 30 June compared with the first …

South Africa