Six former traders from Deutsche Bank and Barclays pleaded not guilty in relation to manipulate the lending rate. They are accused in relation to Euribor rigging scandal.
Billionaire and Philathropist Wafic Saïd is taking matters to the court. Long-time banking partner Barclays told Saïd to close his personal accounts including those connected to his busness and charity.
One of the UK's prolific fund managers, Terry Smith of Fundsmith, has sued Barclays bank for £220,000 over accusations that the bank caused him to lose investment gains when the bank delayed his request for a money transfer.
A US judge ordered british bank Barclays to be filed with a class-action lawsuit. This case was based on a complaint regarding the bank's manipulation on the prices of electricity.
Barclays head of investment Tom King will retire March 4, 2016. The position will probably be filled the at the soonest possible time as there are things to fix within the division.
Barclays is set to pay $50 million to settle a U.S. currency lawsuit. It is claiming that Barclays rigged its foreign exchange trading system to turn down client orders that the British Bank believes to be unprofitable.
Barclays and Credit Suisse will pay a combined $154.3 million over charges on dark pool unlawful practices. Reports confirmed the settlement per statements from the U.S. Securities and Exchange Commission and the New York state.
Britain's financial watchdog has fined Barclays (BARC.L) 72 million pounds ($109 million) for cutting corners in checking wealthy customers involved in a huge transaction described by one senior manager as potentially the "deal of the century."
Luminex Trading & Analytics LLC, the upstart private stock trading venue owned by nine large investment managers, said on Sunday it had signed up more than 70 institutional investors ahead of an expected trading launch in early November.
UBS (UBSG.VX) will pay $545 million to U.S. authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals.
U.S. authorities are on course to reach multi-billion-dollar agreements with five major banks over allegations of foreign exchange market rigging as soon as the second half of May, people familiar with the matter told Reuters on Friday.
On March 6, the day of the U.S. Supreme Court's deadline for legal briefs backing same-sex marriage, gay rights activists quietly celebrated a victory on Wall Street.
Britain's newest and most powerful financial regulator has pledged to introduce "meaningful" change this year to help new banks steal market share from the "Big Five" lenders who dominate in commercial and retail banking.
Barclays has been providing information to an investigation into precious metals by the U.S. Department of Justice (DoJ), the bank said in its 2014 annual report on Tuesday, a week after a similar statement by HSBC.
New York's financial regulator has sent subpoenas to Goldman Sachs, Credit Suisse, BNP Paribas and Societe Generale, expanding its probe into the possible rigging of foreign exchange rates through computer programs, people familiar with the matter said.
The U.S. Department of Justice is examining currency-linked investments offered by Barclays (BARC.L) and UBS (UBSG.VX), the Financial Times reported on Sunday.
The Swiss franc shock reverberated through currency trading firms around the world on Friday, wiping out many small-scale investors and the brokerages that cater to them and forcing regulators to take a closer look at the sector.
Royal Bank of Scotland and Barclays may have to pay some of the biggest bills from an estimated $52 billion in fines and other litigation costs facing Europe's banks in the next two years, Morgan Stanley analysts said.
JPMorgan Chase & Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion-a-day foreign exchange market.
The judge overseeing New York state's lawsuit accusing Barclays of fraud in its alternative trading system on Thursday raised questions about the case, putting the attorney general's counsel on the defensive.
