Cage Homes : an art exhibit on Hong Kong's most expensive streets

Barclays

Barclays Bank is one of the world’s oldest banks. In June 2012, it was fined 290 million pounds (US$450 million) for attempting to manipulate the daily settings of London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate (Euribor). The bank's chief executive, Bob Diamond, decided to give up his bonus as a result of the fine, and subsequently resigned after a wave of criticism against the bank.

Barclays to raise £5.8b from rights offer

30 Jul 2013

Barclays, Britain's second-largest bank by assets, said it would raise £5.8 billion (HK$69.2 billion) in a rights offering to bolster capital as it booked its biggest charge to date for customer...

1:48AM

S&P downgrades European lenders

4 Jul 2013

Standard & Poor's has lowered the credit ratings of Barclays, Deutsche Bank and Credit Suisse, citing new rules and "uncertain market conditions" that threaten the banks' business.

3:48AM

EU charges banks with blocking exchanges from derivatives market

2 Jul 2013

EU watchdogs have charged 13 top investment banks with blocking exchanges’ access to the lucrative credit derivatives market, hitting the sector with the latest in a growing list of regulatory...

1:01PM

British banks cut 189,000 jobs, take staff numbers to nine-year low

29 May 2013

Britain's four biggest banks will have eliminated about 189,000 jobs by the end of this year from their peak staffing levels, bringing employment to a nine-year low amid a dearth of revenue. More...

2:51AM

Ralph Toledano styles a personal philosophy on building brands

9 Apr 2013

We've always struggled with the language of high fashion. When we read of a Giorgio Armani executive saying that couture was more about "authenticity and heritage as key values when considering a...

6:08AM

Why top bankers deserve to be paid huge salaries

9 Apr 2013

I sympathise with the outrage in this Barclays memo. The very people who plunged the bank into trouble and who should have been sacked, or at least seen their pay cut, still think they deserve...

4:25AM

8 comments

Opinion

Alex Lo

Rankings belie the real purpose of universities: to educate

2 comments

12:54AM

Howard Winn

Way to go

2:01AM

Barclays bankers focused on revenue at expense of clients: Salz's report

In the report, commissioned by the bank after it was fined £290 million (HK$3.4 billion) in June for manipulating Libor, Rothschild vice-chairman Anthony Salz criticised Barclays for failings in...

3:35AM

Barclays up the wrong tree

Private banks and indeed financial institutions of various kinds devote a surprising amount of time to churning out surveys of wealthy people’s investing habits, attitudes to risk, and spending....

9:29PM

Business Digest, March 9, 2013

US jobless rate drops to 7.7pc, lowest in 4 years

5:15AM

LAI SEE

Ex-employee laughing all the way from the bank

We heard an intriguing story recently that we are assured occurred at a well-known investment bank in Hong Kong.

5:17AM

4 comments

LAI SEE

If I scream and you scream, you might get chocolate ice cream

Readers may recall our recent piece on Singapore Airlines and strawberry ice cream. This was about a woman on a Singapore Airlines flight who when offered strawberry ice cream asked if she could...

6:07AM

BANKING

Barclays to axe 3,700 jobs and cut costs after Libor losses

Barclays said it would "reduce headcount by at least 3,700 across the group, including 1,800 in the Corporate & Investment Bank and 1,900 in Europe Retail and Business Banking". Barclays...

12:50AM