Barclays Finance Director Chris Lucas is stepping down six months ahead of his scheduled retirement, citing health reasons, the bank said on Wednesday.
Barclays is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter.
The Standard & Poor’s 500 Index will climb 8% to 1,825 in the next 12 months as economic growth gains momentum, according to Goldman Sachs.
Speculation is mounting that Barclays' finance director was preparing to leave the bank six months earlier than planned, leaving the bank without a key boardroom figure during its £6bn cash call.
Soccer clubs in Britain are slashing their spending on player transfers and wages, according to new research, as regulations designed to bolster clubs' finances come into play.
The former JPMorgan trader known as the 'London Whale' will not be prosecuted for the whopping losses he was involved in, as he made a non-prosecution deal with the Department of Justice in exchange for his cooperation, sources told CNBC.
Oppenheimer & Co. Inc. is pleased to announce that Doron Barness has been appointed Head of New York Institutional Equity Sales Trading, working out of the firm’s New York headquarters.
Barclays announce that Chris Lucas will step down from the Board and as Group Finance Director on 16 August.
The U.S. may announce charges as early as this week against former JPMorgan employees related to allegations they tried to conceal losses last year, a person familiar with the matter said.
With profit margins increasingly stretched, some investment experts said companies must start putting their cash to work and expand their businesses to get further appreciation.
Volkswagen has admitted that 11 million of its cars worldwide were designed to cheat emissions testing, in an escalating scandal that has loaded pressure on the wider motor industry.
Bank of America shareholders voted down the splitting of the chairman and CEO positions on Tuesday, which are held by Brian Moynihan.