-
Barclays was facing renewed shareholder anger in spite of moves aimed at heading off a revolt over its plans to raise more than £7bn in fresh capital from Middle Eastern investors
-
Legal ? General may vote against the bank's 7bn fundraising due to concerns about the high dilution of existing investors and the cost of the funding.
-
A MAJOR row has broken out between Barclays and shareholders over the terms of its 7billion fundraising that will result in two major Middle Eastern investors holding more than one-third of the bank.
-
Middle East investors planning to buy almost one third of Barclays have refused to reduce their return on the deal.
-
BARCLAYS is increasingly confident it has seen off a major shareholder revolt and will get the go-ahead for a 7billion fundraising that will leave the bank one-third owned by Middle Eastern investors.
-
Nov 18 - Barclays offers slice of capital injection and cancels bonuses after shareholders complain terms of the injection were too generous for the Middle East investors.
-
Central banks around the world cut interest rates in unison yesterday to try to limit economic damage from the worst financial crisis in 80 years.
-
The Bank of England, the US Federal Reserve and other central banks in Canada and mainland Europe lowered interest rates in an emergency co-ordinated move to stem the worst financial crisis since the Great Depression of the 1930s.
-
Barclays current account customers may be interested to hear that the bank is to open a new branch at London's Piccadilly Circus.
-
Financial markets continued to be volatile as investors remained unconvinced by government and central bank efforts to get to grips with the credit crisis.
-
The imposition of value added tax in Iran has pitted President Mahmoud Ahmadi-Nejad against one of the country's most powerful institutions: the bazaar traders
-
Read full story for latest details.
-
Oct. 9: Can the insurance giant AIG be prosecuted after several executives went on a spa retreat shortly after receiving an $85 billion federal bailout? NBC’s Pete Williams reports. (Today Show)
-
A £500bn rescue package for the UK financial system, aimed at encouraging banks to lend more had little impact on the key Libor rate today
-
Pavel Kubina, Dominic Moore and Nikolai Kulemin scored to lift the Maple Leafs to a 3-2 win Thursday over Detroit in the opener for both teams. Chris Osgood turned away 26 shots for the Red Wings and he insisted they didn't have an emotional letdown after an elaborate ceremony. "I wouldn't say it's a Stanley Cup hangover," Osgood said. "Toronto has improved from last year." The game-winning goal came when Kulemin gave Toronto a two-goal cushion at 7:25 of the third period when he took advantage of Dan Cleary's giveaway by flipping a shot past Osgood.
-
THE money markets remained frozen yesterday as uncertainty over Government plans for British banks overshadowed news of the £500billion rescue package.
-
National Australia Bank says it will vigorously defend itself against a shareholder move to dump a senior board member over claims of poor risk oversight related to $4.5 billion of toxic assets.
-
Barclays Capital has fired Mark Walsh, the man in charge of Lehman Brothers' commercial real estate investments, along with nearly all the rest of Lehman's commercial-mortgage-backed securities team, according to the trade mag Commercial Mortgage Alert. Mr. Walsh has often been described as the "man behind the curtain" who made Lehman Brothers loads of money during the heyday of the CMBS market, but also as a man who took far too many risks and ultimately played a significant role in Lehman's demise. Indeed, Mr. Walsh financed Tishman-Speyer's ill-conceived $22.2 billion acquisition of Archstone-Smith, a luxury apartment building portfolio that has since been devalued; and financed SunCal's $110.2 million purchase of a 2.25-acre plot of land in Southern California. read more »
-
British bank shares slumped yesterday after Barclays confirmed it was looking at capital raising and fears rose about credit insurance pay-outs as investors absorbed massive losses on Lehman Brothers' debt.
-
The president and chief executive of CareFirst BlueCross BlueShield defended the regional insurance giant as a "generous" benefactor to the community at a D.C. Council committee hearing yesterday, and a parade of nonprofit organizations backed up his claim.
-
BARCLAYS said it was considering raising cash from money markets rather than the taxpayer in response to Govern-ment plans to bolster balance sheets across the banking sector.
-
If the television technology is quick enough the game can only benefit.
-
Two-time world champion Fernando Alonso has secured his second successive Formula One victory in winning the Japanese Grand Prix. Massa cut Hamilton's lead in the World Championship to six points with two races remaining.
-
San Francisco WR Isaac Bruce caught two passes for 28 yards against the Eagles in Week 6.
-
A strike in Iran's traditional bazaars expanded on Sunday despite an order by President Mahmoud Ahmadinejad to suspend a new tax on sales that ignited the protest more than a week ago.
-
A strike in Iran’s traditional bazaars expanded on Sunday despite an order by President Mahmoud Ahmadinejad to suspend a new tax on sales that ignited the protest more than a week ago.
-
"The womenfolk are doing nicely, thank you." The opening line of a news story in Colliers magazine written on Nov. 4, 1950, is a lead I doubt would appear in today's media. Especially under the headline "She-Town."
-
World Cup dream in tatters as George Burley chooses to stake Scotland's fortunes on the football equivalent of a subprime mortgage.
-
When the Government said last week that banks taking part in its rescue scheme would have to support lending to small businesses and home buyers and limit executive pay many in the City thought this was just window dressing to justify bailing out the financial system. How wrong they were.
-
Barclays said today that it will not turn to the Government for emergency funding as the bank unveiled plans to raise more than £6.5 billion from investors to help shore up its balance sheet.
-
The British bank is getting the chance to put together a £10 billion recapitalization plan without taxpayer funds, while three of its biggest rivals are left tied up in government knots.
-
Why ministers will not try to force through 42 days
-
King of the Mountains Bernhard Kohl, who finished third overall, is the latest Tour de France competitor to fail a doping test.
-
AUSTRIA'S Bernhard Kohl, the best climber at this year's Tour de France and third overall, has tested positive for third-generation drug EPO Cera, France's national anti-doping agency (AFLD) said.
-
Hurricanes G Cam Ward couldn't outperform G Ty Conklin in his Detroit debut Monday as Carolina fell 3-1 to the Red Wings. Ward made 33 saves for Carolina, but a second-period power-play goal from Tomas Holmstrom proved to be the difference and Henrik Zetterberg iced the game with an empty net goal. Conklin made 27 saves.
-
Plans to hold terror suspects for up to 42 days without charge were dramatically abandoned last night after the proposals were overwhelmingly defeated in the House of Lords.
Subscribe to our RSS (Really Simple Syndication)