The manipulation of Libor rates increased losses for investors saddled with toxic assets in the financial crisis, say lawyers and analysts evaluating the prospects for litigation over the scandal.
Most firms boast about their client lists - this firm didn't. And no wonder.
Six individuals have been found guilty of insider dealing in the largest and most complex case ever brought by the Financial Services Authority.
Man Group surged as much as 12% in early London trading Tuesday, after the world’s biggest publicly traded hedge fund manager said it would double its planned cost cuts and reduce reliance on products with steeper commissions.
On 2 July, Barclays announced that it would establish an independent review of its business practices, reporting to Deputy Chairman, Sir Michael Rake, and a sub-committee of the Barclays Board. Barclays today announces that Anthony Salz has agreed to lead that review.
There is no reason for Lord Green of Hurstpierpoint, the trade minister, to answer questions in the House of Lords over his role as head of HSBC while the bank's subsidiaries were alleged to have been involved in money laundering, peers have been told.
The clamour for Sir Michael Rake to be the next chairman of Barclays seems to have existed mainly in the imaginations of those who occupy the top floors of the bank's headquarters.
Policy in Europe is all about playing for time. The big picture ideas for saving the single currency will take years, not months, to come to fruition - but the threat of collapse is immediate.
Every day this summer, despite the holiday season, teams of high-powered eurocrats are beavering away on a blueprint aimed at staving off a much bigger banking crisis across Europe.
The Sunday Telegraph quotes a former Barclays Capital trader, who asked to remain anonymous, who spoke about his job and the relentless pressure to achieve higher margins.