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Barclays

Banks Accused of Manipulating the Benchmark

Banks Accused of Manipulating the Benchmark   According to a filing with a U.S. federal court in New York five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation.   The banks which oversee the benchmark –…>read more

No Comment March 6, 2014

The Charges are the First Related to Manipulation of U.S. Dollar

The Charges are the First Related to Manipulation of U.S. Dollar   Three former Barclay’s employees have been charged by British prosecutors with conspiring to manipulate the benchmark interest rates. Barclays is a British multinational banking and financial services company headquartered in London. According to Bloomberg News, these charges are the…>read more

No Comment February 18, 2014

Opinion: Big Banks Do Not Engage in Price-Fixing Assuming You All Want to Keep Your Jobs

Opinion: Big Banks Do Not Engage in Price-Fixing Assuming You All Want to Keep Your Jobs   by Antony Jenkins, CEO of Barclays   Here at Barclays, we’ve received a great deal of complaints lately that we’ve been involved in manipulating prices of various raw commodities to increase our profits. Well I would just like to…>read more

No Comment June 12, 2013

Former Dewey Partner Sues Barclays over Fraudulent Loan Claims

Former Dewey Partner Sues Barclays over Fraudulent Loan Claims On Tuesday, Londell McMillan, the former head of Dewey’s entertainment, media and sports group, sued Barclays Bank in the US District Court in New York over a loan which McMillan says he did not take, and that the loan agreement…>read more

No Comment February 20, 2013

Finance Director and General Counsel at Barclays Retiring

Finance Director and General Counsel at Barclays Retiring   Barclays announced that finance director Chris Lucas and the company’s top legal expert are retiring, according to Reuters. Lucas has been the finance director for six years. He is one of four former and current employees under investigation by…>read more

No Comment February 4, 2013

Barclays Made $500 Million on Food Crisis

Barclays Made $500 Million on Food Crisis   Over the past two years, Barclays has made half a billion pounds by placing bets on food issues during the global food crisis. Barclays is a bank from the United Kingdom that holds the largest involvement in trading of…>read more

No Comment September 4, 2012

Clifford Chance to Cut Partners, Lay Off 106 Lawyers

Clifford Chance to Cut Partners, Lay Off 106 Lawyers Clifford Chance LLP, the world’s largest law firm by revenue, will cut its partnership ranks under a restructuring plan. The firm has asked partners to contribute £60 million ($87 million), about £150,000 each, and will cut as many as 80…>read more

4 Comments February 4, 2009