Barclays

  • 28 Jan 2014 at 12:57 PM

Layoffs Watch ’14: Barclays

If you’re a junior mistmaker at the bank, consider passing it on to your MD that he/she might want to gird his/her loins. Read more »

  • 17 Jan 2014 at 12:28 PM

Role-Based Pay Watch ’14: Goldman Sachs

Goldman Europe sees your bonus caps and raises you this: Read more »

With banks’ new labor-friendly rules, they may soon be gone. Read more »

  • 06 Dec 2013 at 2:06 PM

Bob Diamond To Have A Little Chat Re: Libor

Former Barclays boss Bob Diamond and other past executives at the British bank are set to be called as witnesses next year in a court case relating to the alleged manipulation of Libor interest rates. Barclays is being sued for up to 70 million pounds ($114 million) by Guardian Care Homes, a UK residential care home operator, which alleges the bank mis-sold it interest rate hedging products that were based on Libor…A UK judge on Friday refused Barclays’ attempts to adjourn the trial, which is due to start in April. [Reuters]

  • 01 Nov 2013 at 5:16 PM

Suspension Watch ’13: Barclays, UBS

A whole bunch of currency traders have been asked to take 5. Read more »

Been thinking about TP’ing your CEO’s house? Or placing a massive trade that, let’s be honest, probably won’t work out and will ultimately cost the firm billions? Or taking the keys to your boss’s vintage Ferrari and driving some colleagues uptown for a joy ride, and when confronted about, claim you thought the office had a “what’s mine is yours” policy? Or dressing up as his wife for Halloween? Thanks to a new compensation plan being considered by London bank, now you can? Read more »

How Does Barclays Defaulteth? Let Us Count The Ways

In the case of its 2005 derivative agreement with hedge fund Black Diamond Capital Management, it defaulteth in two ways. Read more »

  • 15 Oct 2013 at 2:35 PM
  • Banks

Man Driven To Brink Of Collapse By Bob Diamond’s Mess

Nine months ago, Barclays CEO Antony Jenkins brought in former Financial Services Authority chief Hector Sants to do something about the bank’s less-than-sterling reputation. But Hector Sants could not go back in time and keep Barclays from committing the mistake he knew it was making, and so, nine months in, he needs a good, long break. Read more »