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Barclays Bank News

03 Jul 2017

Fraud charges: Ex-Barclays CEO appears in court

Accused over fraud charges, former Barclays chief executive John Varley appeared in a London court on Monday. It is the first time a boss of a global bank has faced charges arising from the 2008 financial crisis.

World`s first ATM

27 Jun 2017

World's first ATM machine turns to gold on 50th birthday

The first ATM was opened on June 27, 1967 at a branch of Barclays bank in Enfield, north London, the first of six cash dispensers commissioned by the bank.

15 Jun 2016

Barclays not interested to operate as WOS: CEO Khanna

British lender Barclays Plc Wednesday said it does not have any plans to operate as an wholly-owned subsidiary (WOS) in India, saying there are costs associated with it and the benefits which can accrue to an entity of its size do not make it a feasible model.

03 Dec 2015

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.

26 Nov 2015

Britain fines Barclays 72 million pounds over 'elephant' deal

The Financial Conduct Authority said Barclays rushed through a huge 1.88-billion pounds transaction in order to secure fees from a number of very rich customers.

29 Jul 2015

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.

20 Jul 2015

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.

20 May 2015

US, Britain fine six top banks nearly $6 bn for forex, Libor abuses

The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal Bank of Scotland for conspiring to manipulate the massive currency market, as well as a guilty plea from Switzerland`s UBS, for violating a prior settlement of Libor charges.

29 Apr 2015

Barclays takes extra $1.2 billion hit for potential forex settlements

Barclays said it had now set aside 2.05 billion pounds ($3.2 billion) to cover any settlement, after the extra provision to reflect "developments with certain authorities" since it last reported in March.

03 Mar 2015

Barclays bank slides into annual net loss

Barclays reported a loss after tax of £174 million ($268 million, 239 million euros) for 2014 compared with a net profit of £540 million the previous year.

Britain financial watchdog

23 Sep 2014

Barclays bank fined almost 38 million pounds: Regulator

Britain`s financial watchdog on Tuesday said it had fined Barclays bank almost 38 million pound for putting client assets at risk, dealing a further blow to the troubled lender.

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