Barclays has appointed Antony Jenkins as chief executive with immediate effect, as the crisis-hit bank seeks to regain its footing in the wake of a new investigation by the Serious Fraud Office.
A British parliamentary report slammed Barclays bank on Saturday for its "disgraceful" actions that led to a rate-rigging scandal.
CNN's Isa Soares discusses former Barclays COO Jerry del Missier testimony on the rate-rigging scandal.
Barclays shares shrugged off two fresh setbacks on Friday as the disclosure of a £450m mis-selling charge and a regulatory investigation into its finance director was offset by a better than expected performance in the first six months of 2012.
Christine Romans on how the libor rate scandal could affect credit cards, mortgages, car loans and more.
Barclays bank took out large UK newspaper ads Saturday to say sorry to "all Barclays customers and clients" in the wake of a rate-rigging scandal which has hammered its reputation.
CNN's Richard Quest talks to John Mann, UK member of parliament, about Barclays business practices and false reports.
Former Barclays CEO Bob Diamond defies expectations by defending his former employer. CNN's Jim Boulden reports.
Former Barclays bank chief executive Bob Diamond will voluntarily give up bonuses worth $31 million after he resigned in the wake of a rate-rigging scandal, the bank said Tuesday.
Treasury Select Committee member David Ruffley reflects on Bob Diamond's testimony before Parliament.
Barclays former boss Bob Diamond was in the spotlight this week when he was questioned by British parliament's 13-strong Treasury Committee, but the rate-fixing scandal which lost him his job looks set to reach far further afield.
The Libor scandal has confirmed what many of us have known for some time: There is something smelly in the London financial world and the stench is now overwhelming.
CNN's Richard Quest talks to Andrew Tyrie, Chairman of the UK Treasury Select Committee, about Bob Diamond's testimony
British lawmakers launched a furious, multipronged barrage of questions Wednesday at Bob Diamond, who resigned as the head of Barclays a day earlier, but Diamond steadfastly defended himself and the bank.
Barclays CEO Bob Diamond and COO Jerry del Missier have resigned in the wake of the interest rate-fixing scandal that has rocked the bank.
Ralph Silva of the Silva Research Network discusses Bob Diamond's resignation as CEO of Barclays.
U.S. stocks pointed to a flat open Tuesday, with traders not expecting much market movement in the shortened trading day.
The chief executive of Barclays, one of the world's largest banks, is resigning in the wake of a scandal, Barclays announced Tuesday.
Barclays on Monday announced the resignation of its chairman, Marcus Agius, in the widening scandal surrounding the bank's manipulation of interbank lending rates in 2008 and 2009.
CNN's Richard Quest talks to Matthew Hancock who says Barclays CEO Bob Diamond may face calls for resignation.
Marcus Agius will resign as chairman of Barclays on Monday, in the hope that his departure will take the sting out of mounting criticism from politicians and shareholders over the bank's role in the price-fixing of interbank lending rates.
Reports say Barclay's chairman Marcus Agius will step down soon. CNN's Richard Quest has more.
When food prices rise, it's the poor who pay the biggest cost.
It is hard to believe the 30th anniversary of the World Economic Forum at Davos is upon us.
In 2010, CNN's Richard Quest finds it's all work and no play for him on the slopes during the World Economic Forum.
The bellicose wing of the Republican Party would have most Americans believe that the repeal of the healthcare reform bill was basically a done deal. But most of the fighting in this tireless debate seems to be reserved for the TV cameras, as it's all but certain that the Republicans simply won't have enough votes to overturn the bill. And while Congress continues to play out a scene to score political points, the massive healthcare industry appears to be moving on, gearing up for the long and tedious implementation of the new rules.
British-based Barclays PLC announced Tuesday that American-born executive Robert E. Diamond Jr. will replace John Varley as chief executive officer of the global banking company next year.
Barclays Bank agreed Monday to pay $298 million to settle criminal charges the U.K.-based bank facilitated financial transactions with clients in countries facing U.S. sanctions.
Stocks pared sharp losses to close only modestly lower Tuesday after the Federal Reserve took a cautious stance about the recovery.
Musician Jimmy Buffett talks to CNN's Anderson Cooper about coping with the Gulf oil disaster.
Simply put, the crisis in the Gulf is an environmental, political, and financial disaster. You will hear no argument on any of those counts here.
The sharp jump in dealmaking lately -- mergers and acquisitions soared more than 20% in the first quarter -- may have you thinking about hunting for the next big takeover target.
Federal regulators might not think much of big banks these days, but MBA candidates sure do.
Bob Diamond, president of British lender Barclays, on annual profits and executive bonuses for this year.
Let's try and make sense of this. Europe is supposed to be a financial mess. That's all we've been hearing about for weeks.
Barclays have agreed a new three-year title sponsorship deal with the English Premier League which will be worth around $135million to top-flight clubs.
Barclays is planning to spin off a £4bn ($6.3) portfolio of complex credit assets as the bank presses ahead with a process to clean up its balance sheet and ease shareholder concerns over its investments.
American rookie Webb Simpson took a two-shot lead at the halfway stage of the Barclays Classic Fedex Play-off tournament as world No. 1 Tiger Woods again struggled in difficult conditions at Liberty National on Friday.
U.S. investment management firm BlackRock has agreed to purchase Barclays Global Investors from British bank Barclays for $13.5 billion, a deal which would create one of the world's largest financial management firms.
U.S. investment firm BlackRock is in talks to purchase Barclays Global Investors from British bank Barclays, a deal which would create one of the world's largest financial management firms.
Desperate times call for desperate measures, like conducting fire sales of prized assets in order to bolster capital reserves. Then again, they also give companies cover to make tough decisions that inertia might ordinarily prevent.
Banking shares in Europe and the U.S. staged a major rally Monday amid signs that investor confidence appeared is returning to the beleaguered financial sector.
Barclays Bank has published better than expected results for 2008, with pre-tax profits of £6.1 billion ($9 billion).
Barclays says it will cut 2,100 jobs from its UK retail and commercial banking businesses and Barclays Wealth, which is likely to take job cuts at the bank past 4,000 this week.
The economic crisis has put a hold on holiday parties, as companies from Wall Street to Main Street cancel or cut back their seasonal festivities.
Has your latest brokerage statement got you down? Maybe it's time to try something completely different: a $96 billion market built entirely on the certifiable absence of a colorless, odorless gas.
Middle Eastern investors will pump up to 7.3 billion pounds ($11.8 billion) into Barclays PLC, allowing the bank to strengthen its balance sheet without resorting to a bailout by the British government
Barclays PLC said Friday it is seeking up to $11.8 billion from Middle Eastern investors as it tries to avoid resorting to a British government bailout.
The Treasury Department has picked two financial institutions to manage a program it unveiled last month to provide support for beleaguered mortgage-backed securities
Central banks around the world are pumping billions of dollars into money markets in a coordinated bid to calm global financial upheaval.
Back in the '60s, when the musical "Hair" was heralding the dawning of the Age of Aquarius, the popular catchphrase was "What's your sign, man?" But with Hair now a nostalgic memory (in my case literally) and boomers more concerned about retirement than about Jupiter aligning with Mars, the new mantra is "What's your number?"
Thanksgiving has just passed; the year-end holidays are around the corner. So in the spirit of the season, I've got a gift for you. Sort of. It's not spiritual or religious and doesn't even involve food. It's about money. To be specific, it's a way that average investors may one day be able to defer taxes on interest and dividends, unless Washington closes a newly opened loophole.
Banking giant Barclays says it has taken a £1.3 billion (€1.8 billion; U.S.$2.7 billion) hit amid the turmoil in credit markets, with an £800 million write-down last month alone.
Earnings warnings from the retail and tech sector plagued U.S. stocks at the start of trading Thursday.
Try to find a company these days that doesn't say it's doing good for the world. After all, with trillions of dollars flowing into socially responsible investment funds and government regulators looming, what CEO doesn't have a ready list of charities or causes that the company supports to brandish in its favor?
A consortium led by Royal Bank of Scotland claimed victory Monday in its takeover of Dutch bank ABN Amro, bringing an end to the biggest banking deal ever.
The biggest banking deal ever is poised to close as shareholders of Dutch bank ABN Amro are expected to back a $101 billion takeover by a group led by Royal Bank of Scotland.
Shareholders of Barclays PLC approved a bid for ABN Amro Holding NV by a 9-to-1 margin Friday, though success of the offer remained far from certain in the face of a higher, rival bid.
Barclays, the British bank in a bidding war for ABN Amro Holding, said Monday that its securities unit "traded profitably" last month, easing fears that the bank was overexposed to the credit crisis that has swept global markets.
Barclays PLC has tapped the Bank of England for an emergency loan for the second time this month, borrowing $3.2 billion after a failure in a trading system, according to a person familiar with the transaction.
British bank Barclays denied a report Tuesday that failed debt vehicles structured by its investment banking arm had left it with exposure worth hundreds of millions of dollars, playing down growing concerns.
British bank Barclays denied on Tuesday that failed debt vehicles structured by its investment banking arm had left it with an exposure worth hundreds of millions of dollars, playing down growing concerns.
European share prices fell in early trading on Tuesday, taking their cue from weaker U.S. stock markets and led by British bank Barclays after a newspaper report about its exposure to failed debt vehicles.
Stocks fell for the second straight session early Tuesday as renewed credit crunch fears again kept investors jittery on Wall Street.
A senior official in charge of a structured finance team at Barclays Capital, the investment banking arm of British bank Barclays Plc, has quit amid the recent credit market turmoil, a source familiar with the matter said.
A senior banker in charge of complex debt vehicles at Barclays Capital quit this week amid the global credit crisis, according to published reports.
Tiger Woods has decided to miss next week's Barclays Classic outside New York, the first of four big-money playoff events that will crown the inaugural FedExCup champion.
British bank Barclays Plc said it remains confident its takeover bid for Dutch rival ABN AMRO will succeed but acknowledges that much will depend on its share price in the next two months.
Dutch bank ABN Amro withdrew its recommendation of a takeover by Barclays, leaving it neutral between the British bank's offer and a higher bid from Royal Bank of Scotland's consortium.
The U.S. credit markets opened with an "extremely negative tone" on Monday, with credit default swaps sharply wider amid fears that fallout from subprime mortgage losses is spreading, according to Barclays.
The biggest takeover battle in banking history gets even bigger as Asia enters the fight for ABN Amro
British bank Barclays has raised its offer for ABN Amro to €67.5 billion ($93 billion) and included some cash, helped by major investment from state authorities in China and Singapore.
Barclays PLC may have tallied big losses in a Bear Stearns hedge fund that invested in risky mortgages, The Wall Street Journal reported on Saturday.
Barclays would make a better merger candidate with ABN AMRO than a bid by a group led by Royal Bank of Scotland aimed at breaking up the Dutch bank, a Dutch newspaper quoted ABN's chief executive as saying on Saturday.
Barclays Bank is confident of winning the bid battle for Dutch bank ABN AMRO NV, a senior Barclays executive said Tuesday.
NYSE Euronext is investigating trading in ABN Amro that occurred around the time when the Dutch bank announced it was in merger talks with British bank Barclays, according to a report in the Wall Street Journal.
Progress made by Britain's Barclays in its offer for ABN AMRO demonstrates its ability to offer the Dutch bank's shareholders "certainty and deliverability," Chief Executive John Varley said on Wednesday.
JERSEY CITY, N.J. (AP) -- The PGA Tour's Barclays tournament will be played at the recently completed Liberty National course in 2009.
Stocks gained Tuesday afternoon, climbing for a second session as investors welcomed a strong report on housing amid the two-day Federal Reserve policy meeting currently underway.
Merger talks between Barclays of Britain and ABN AMRO of the Netherlands could lead to the biggest banking deal in European history and spark another round of consolidation in the industry, analysts said Tuesday.
A strong report on housing starts and some strength in technology boosted stocks Tuesday afternoon, however gains were limited by concerns about the Federal Reserve policy meeting, due to start later this afternoon.
Stocks gained early Tuesday afternoon as investors welcomed a strong report on housing starts. However, gains were limited by concerns about the Federal Reserve policy meeting, which will start later this afternoon.
Corporations have developed an edifice complex once again.
See the Money 70
Barclays Plc ranks no. 103 on FORTUNE's Global 500 this year, with $50.6 billion in revenues, up 28.7% from the previous year. The London, Britain-based company was ranked no. 110 on the 2005 list. Its 2005 profits were $6.3 billion, up 4.6% from a year earlier. 2005 was a banner year for most Global 500 companies.
There was a time when investors didn't want gold bars anywhere near their portfolios, but it's long forgotten now.
Sharing food is an age-old bonding ritual, but preparing it can be intensely competitive. Which is why Bibby Gignilliat, the founder of Parties That Cook (www.partiesthatcook.com), thinks an event ...
Assets under management in Barclays Global Investors' iShares unit have grown $44 billion in 2005, said Lee Kranefuss, who runs the iShares operation for Barclays.
Long regarded as risky alternatives, commodities are moving into the mainstream as ever more investors buy into the asset class and bouts of selling are viewed as consolidation in an enduring bull trend.
We've heard tall men get paid more than short men, skinny people get paid more than fat people and smug marrieds rake in more than their Bridget Jones colleagues.
Millions of customers with Barclays Bank in the UK were left unable to withdraw money from cash machines over the Easter holidays as a computer glitch stopped them from accessing their accounts.
As gold prices hover near 16-year highs, it's been difficult for the average investor to get pure exposure to the precious metal, but that will change next week.
At the height of the dotcom boom, e-learning was tipped as the next big thing in workplace education, with experts predicting that the future was online.
It's the kind of record that would do almost any team proud: For 14 of the past 17 years, the Alpha Tilts large-cap stock fund managed by Barclays Global Investors in San Francisco has beaten the ...
After years as relative paupers in a land where Mary Meeker was queen, the bond guys are back this year--big time. That is what's supposed to happen in a recession, when declining interest rates ma...
If you've watched any non-Tivo TV lately, you have no doubt seen the omnipresent Barclays commercials for exchange-traded funds, or ETFs. In one spot a well-dressed woman prowls a high-end store an...
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