Company News



Barclays paper reveals extent of legal battles worldwide

A Barclays document sent to shareholders has laid bare the full extent of the bank’s legal woes, ranging from continuing court tussles over rigging interest rates to allegations of ripping off its own clients. . .

http://www.theguardian.com/business/2014/aug/14/barclays-investor-prospectus-legal-battles



Barclays Said to Face Fine Over Client Asset Segregation

Barclays Plc (BARC) is poised to be hit with its second fine by British regulators over failures to segregate client assets properly, a setback to Antony Jenkins’s efforts to put the lender’s legal woes behind him, two people with knowledge of the matter said.

http://www.bloomberg.com/news/2014-08-15/barclays-said-to-face-fine-over-client-asset-segregation.html



Barclays sees profits fall by 7%

Barclays’ six-monthly pre-tax profits have fallen after investment bank revenue fell. . .

http://www.bbc.co.uk/news/business-28558345#



German prosecutors seek charges vs Deutsche Bank’s Fitschen in Kirch case-sources

Aug 12 (Reuters) – German prosecutors are seeking charges against Deutsche Bank co-CEO Juergen Fitschen and several former executives at the bank in connection with the long-running Kirch bankruptcy case, legal sources said on Tuesday. . .

http://www.reuters.com/article/2014/08/12/deutsche-bank-fitschen-idUSL6N0QI10A20140812

 



London Banks Award New Hires 20% More Pay in July

Firms in London’s main financial district, known as the City, awarded new hires with an average pay increase of 20 percent in July as companies added employees in product control and information technology, a survey showed. . .

http://www.bloomberg.com/news/2014-08-10/london-banks-award-new-hires-20-more-pay-in-july.html