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BlackRock Sale Is Bad Timing For Barclays

Barclays Canary Wharf

The quibble with Barclays' sale of its 19.6% stake in US-based fund manager BlackRock is the timing. The UK bank has been free to sell since last September and eight weeks ago enjoyed the pleasant sight of BlackRock's shares trading above $200 for the first time in a year.

UBS Pair Banned For Unauthorised Trading


The Upper Tribunal has directed the Financial Services Authority (FSA) to fine ex-UBS professionals Sachin Karpe £1.25m and Laila Karan £75,000 and ban them both from performing any role in regulated financial services for failing to act with integrity and for not being fit and proper persons.