We heard an intriguing story recently that we are assured occurred at a well-known investment bank in Hong Kong.
- Mon
- Mar 4, 2013
- Updated: 7:13pm
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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.
21 Feb 2013
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...
12 Feb 2013
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 Feb 2013
US President Barack Obama delivers his annual state-of-the-union speech to Congress, an opportunity to set out some of his priorities for his second term of office.
8 Feb 2013
A multistate probe of alleged manipulation of interest rates threatens to leave banks liable for billions of dollars in estimated state and local losses from the scandal, even as they settle with...
Barclays is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive’s plan to streamline operations and cut costs, a person familiar with the matter...
The bank said yesterday it would reserve £600 million for redress, bringing provisions to compensate customers who were sold the insurance on loans unnecessarily or without their knowledge to £2.6...
The more we learn about the manipulation of the London interbank offered rate (Libor), the more expensive the scandal becomes for the financial institutions involved.
Barclays, Britain's second-biggest lender, began to cut more than 80 employees in its Asian offices yesterday, as part of the firm's global efforts to downsize its investment banking business.
Leaders of the world's biggest banks, from Citigroup's Vikram Pandit to Barclays' Bob Diamond, have failed to honour promises made in Davos to restore trust in their industry after the financial...
Barclays, Britain's second-largest bank, is preparing to cut jobs at its investment bank and has begun consulting with employees.
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