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HDFC Bank is now more valuable than major European peers

HDFC Bank is now more valuable than major European peers

Beating major European peers, HDFC Bank has gone ahead to become highly valuable lending institution only behind five European banks with worth more than $45 billion (RS 3.012 lakh crore). 

Ex-Barclays traders sentenced to up to six years' jail in Libor case

Ex-Barclays traders sentenced to up to six years' jail in Libor case

Four former Barclays bankers were sentenced to between 33 months and six-and-a-half years in jail by a London judge on Thursday for conspiring to rig global benchmark interest rates.

HSBC, RBS and Barclays plan to close 400 UK branches this year: Sources

HSBC, RBS and Barclays plan to close 400 UK branches this year: Sources

Three of Britain`s largest banks are planning to close about 400 branches this year, according to people familiar with the situation, a new programme of closures that could leave thousands of customers without easy access to a bank.

Barclays eyes Africa exit in bank shake-up

Barclays eyes Africa exit in bank shake-up

Barclays on Tuesday revealed a further shake-up of the beleaguered bank, unveiling plans to exit its African operations, as it seeks to restore its battered reputation under new leadership.

Barclays slashes hundreds of investment banking jobs worldwide

Barclays slashes hundreds of investment banking jobs worldwide

The harsher-than-expected cuts are among the most sweeping worldwide culls by an investment bank in recent years, as Staley in common with peers at other European lenders moves to reduce costs amid a tough global environment for banks.

 

Barclays in $13.75 million US settlement over mutual funds

Barclays in $13.75 million US settlement over mutual funds

Barclays Plc will pay more than $13.75 million to settle US regulatory charges that it let retail brokerage customers make unsuitable mutual fund transactions, including more than 6,100 fund switches, over a five-year period.

CAD remains in check; likely to be less than $25 bn: Barclays

CAD remains in check; likely to be less than $25 bn: Barclays

According to experts, a CAD up to 2.5 percent of GDP can be financed with the current level of foreign fund inflows and remittances.

Barclays sells Italian branches to Mediobanca at a loss of $298.52 mn

Barclays sells Italian branches to Mediobanca at a loss of $298.52 mn

Barclays is to sell its Italian bank branches to CheBanca!, the retail arm of Mediobanca, and take a 200 million pound ($298.52 million) loss on the deal.

Barclays positive on economic prospects in India

Barclays also highlighted bank recapitalisation.

UK bank Barclays names ex JP Morgan banker as new boss

Troubled British bank Barclays on Wednesday announced the appointment of former JP Morgan investment banker James Staley as its new chief executive.

Barclays sees uptick Q2 growth on govt spending

The GDP growth is likely to strengthen, largely driven by an uptick in public spending. Moreover, consumption trends are also expected to remain "generally supportive", Barclays said in a research note.

Barclays trims December Nifty target to 9,642

According to Barclays latest report, Indian earnings have now remained stuck in single-digit growth territory for the past three years.

Brian Harman fires pair of aces at Barclays

Brian Harman fires pair of aces at Barclays

Brian Harman fired not one but two holes-in-one on Sunday in the final round of the Barclays, just the third time in US PGA Tour history a player has aced two holes in one round.

Jason Day powers to victory in the Barclays

Jason Day powers to victory in the Barclays

Jason Day romped to a six-stroke victory in the Barclays on Sunday, firing an eight-under par 62 to seize the lead in the US PGA Tour`s FedEx Cup playoff chase.

Barclays must face US class action over Libor

Barclays must face US class action over Libor

Barclays Plc shareholders who accused the British bank in a lawsuit of inflating its stock price by manipulating the interest rate known as Libor may pursue their case as a class action, a U.S. judge ruled on Thursday.

Barclays to speed up cost-cuts after new mis-selling hit

Barclays` new executive chairman sought to stamp his mark on the bank on Wednesday by accelerating the sale of assets and cost cutting, after the group reported an 12 percent rise in profit and another big charge to compensate customers.

Barclays profits jump 45% awaiting new CEO

Barclays increased net profits by 43 percent in the first half as cost-cutting and higher revenue offset provisions for settling a series of scandals, the troubled British bank announced Wednesday.

Barclays plans to cut more than 30,000 jobs: Report

These job cuts are likely to affect staff at middle and back office operations, where largest savings are achieved, the Times said.

Barclays investment bank in firing line despite change at top

Any investment bankers hoping for an easier ride at British bank Barclays after Chief Executive Antony Jenkins was ousted last week may be in for a surprise.

Barclays axes CEO Jenkins to accelerate strategic change

British lender Barclays has ousted Chief Executive Antony Jenkins after three years in the post, saying on Wednesday it had decided new blood would help accelerate strategic change at the bank and boost shareholder returns.