Bob Diamond, CEO of Barclays (NYSE: BCS), quits. (Reuters) Microsoft (NASDAQ: MSFT) takes a $6.2 billion write-off, primarily due to its buyout of aQuantive. (Reuters) The U.S. probe begins on whether Chesapeake…
In a shocking turn of events, CEO Bob Diamond has resigned as head of Barclays (NYSE: BCS). Marcus Agius, who resigned yesterday as chairman, was reappointed and will take on additional duties.…
Douglas A. McIntyre Inaccurate submissions of Libor interest rate data, which first cost Barclays (NYSE: BCS) $453 million in fines to U.S. and UK regulators, has cost the chairman of the bank, Marcus Agius. As…
Douglas A. McIntyre Inaccurate submissions of Libor interest rate data, which first cost Barclays (NYSE: BCS) $453 million in fines to U.S. and UK regulators, has cost the chairman of the bank, Marcus Agius. As he…
Apple (NASDAQ: AAPL) pays $60 million to settle a trademark dispute in China. (Reuters) Factory orders in both Japan and China fall in June. (Reuters) Barclays (NYSE: BCS) Chairman Marcus Agius quits…
J.P. Morgan Chase & Co. (NYSE: JPM) was up with the rest of the banks at the open on Friday, but something happened along the way and the bank ended up being the…
European leaders are taking the aid directly to the banks to stave off any added crisis. The futures in the U.S. are soaring and the markets in Europe are up big. This…
Jamie Dimon is probably glad to hear that Barclays PLC (NYSE: BCS) is more prominently in the news over LIBOR manipulation. The reaction in shares of Barclays has been similar to the multi-billion…
Angela Merkel goes into today’s EU summit at odds with other leaders about regionwide bonds and austerity. (Reuters) Barclays (NYSE: BCS) pays $453 million to settle a probe on Libor trading. (Reuters)…
Many analysts said that the Moody’s downgrade of banks reflected circumstances that the capital markers already realized. The downgrades, therefore, were largely useless. But the reaction to the rating changes by Moody’s…
Add one more piece of pessimistic news to that coming from economic research firms in Europe. The Ifo Institute issued its latest data on Germany: The Ifo Business Climate Index for industry and trade…
We had been informed that Moody’s was going to finally release its massive downgrade of the banking system today. The Moody’s warning came back in February that the downgrade was coming, so this…
24/7 Wall St. has been expecting this highly anticipated Moody’s downgrade of the large banks and investment banks for weeks. It appears that the wait is over as the downgrade is set…
Moody’s has telegraphed a banking sector review for quite some time, and it has actually been ongoing and the ‘bad news’ should be out very soon. We skipped many of the smaller…
Blackrock, Inc. (NYSE: BLK) is about to get a huge amount of shares dumped onto the stock market. Barclays (NYSE: BCS) is set to unload a stake of about 19.6% or so…
