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 will contest a record US$453 million (HK$3.5 billion) fine imposed by a US energy regulator against the British bank and four of its power traders, setting up a likely federal court battle.Thursday, 18 July, 2013, 12:57pm
Every time an excited press release arrives about a new report from a public relations or corporate communications executive representing a private bank, my hopes rise. Please, please may this one contain some nugget of inspiration I can tease into something interesting.19 Jun 2013 - 7:07pm
Barclays chairman David Walker has hit back against what he said has become the “political and media industry” of badmouthing banks and bankers, and insisted on banks’ vital role in a free-market economy.
“The persistence of hostility to banks and bankers, much more marked in Europe than elsewhere, is in my view seriously unhealthy,” he told the a Montreal conference.11 Jun 2013 - 10:19am
British bank Barclays, seeking to fix its battered reputation caused by last year’s Libor rate-rigging scandal, said Wednesday that it returned to profit in the first quarter with net earnings of 839 million pounds (HK$9.94 billion) after a loss in the first three months of last year.24 Apr 2013 - 3:45pm
Barclays chief executive Antony Jenkins has ordered employees to sign up to a new ethical code of conduct or quit, as he seeks to draw a line under last year's damaging Libor manipulation crisis.19 Jan 2013 - 5:12am
UBS, Switzerland's biggest bank, must pay about 1.4 billion Swiss francs (HK$11.84 billion) to US, British and Swiss regulators for trying to rig global interest rates, triple the penalties levied against Barclays.20 Dec 2012 - 3:19am
A Chinese group agreed to buy 80.1 per cent of American International Group’s plane-leasing unit for US$4.23 billion in the nation’s largest acquisition of a US company.10 Dec 2012 - 5:56pm
As lawsuits mount from aggrieved parties in the Libor scandal, one party is keeping tight-lipped: Chinese investment institutions that are wary of revealing too much about their dealings.17 Sep 2012 - 5:03am
China Development Bank will see its stake in a merged Barclays Bank-ABN Amro limited to 6.7 per cent, from a maximum of 7.7 per cent, after shareholders in the British lender bought new shares in it as part of the acquisition agreement with the mainland firm.26 Jul 2007 - 12:00am
Whether inspecting furniture factories in China or supervising office fit-outs, attention to quality is vital, says MCV Asia senior project manager Mary Chow25 Feb 2006 - 12:00am