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.
Former Barclays CEO Antony Jenkins believes banks would never return to the ‘heyday of banking’ that led up to the financial crisis
Barclays, the British bank that is cutting thousands of jobs worldwide, is now hiring in Asia-Pacific to refocus its investment-banking business, according to its co-chief executive for the region.
Barclays, Britain's second-biggest bank by assets, will start eliminating 100 jobs across its Asia-Pacific investment banking and markets businesses this week, a person with knowledge of the matter said.
When the world applauds your obituary, as it has the death of Barclays' global ambitions, it seems you have been doing something wrong.
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.