Category Archives: Barclays

03 Mar

Barclays earmarks £750 million for foreign exchange fines

Barclays Bank has earmarked an extra £750 million pounds for expected foreign exchange currency rigging fines which have hit the bank’s profits for 2014. Pre tax profits at Barclays Bank fell from £2.9 billion to £2.3 billion last year as it made a total of £1.25 billion in foreign exchange provisions and set aside £1.1

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09 Feb

Barclays bank predicts euro to USD parity by year end

Barclays bank has predicted the euro foreign exchange rate will hit parity with the US dollar by the end of 2015 due to the ECB’s asset purchase program and increased risks of a crisis to the euro bloc. Barlcay’s predicts the euro will weaken to $1.08 by the end of June, and to $1.05 by

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02 Feb

New Mis-selling Scandal to hit Barclays, HSBC, RBS and Lloyds

UK banks Barlcays, HSBC, RBS ad Lloyds are set to be embroiled in controversy once again with fresh claims of mis-selling. UK bank shares took a tumble when the Financial Ombudsman earlier last week said they had received up to 4,000 complaints (a week) about mis-sold loan insurance. The overall figure, however, is thought to

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17 Jan

Barclays Bank, Deutsche Loose Millions on SNB Cap Decision

Barclays Bank and Deutsche Bank, two of the world’s largest currency dealers, were among the first banks to suffer losses after the SNB’s decision to abandon a cap on the Swiss franc, people with knowledge of the matter said. Deutsche Bank lost $150 million on Thursday amid an unexpected surge in the Swiss franc, said

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