ARTICLES RELATING TO
BARCLAYS BANK
Absa's parent company Barclays must rein in salaries for top staff and tighten controls to repair its reputation following a string of scandals, a report states.
Barclays says it has stockpiled more cash to cover a growing compensation bill for mis-selling interest rate hedging products and payment protection insurance.
Absa's parent company Barclays, that has been hit by a global rate rigging scandal, says finance director Chris Lucas is stepping down.
Barclays wants to remain a big player in investment banking even though the British bank is cutting costs and jobs, says chief executive Antony Jenkins.
Barclays was "sailing close to the wind" and ignored concerns expressed about its behaviour, says the governor of the Bank of England.
Barclays Chairperson Marcus Agius has quit, saying an interest rate rigging scandal had dealt “a devastating blow” to the bank’s reputation.
The chairperson of Barclays Bank will step down after the group was fined for attempting to manipulate the inter-bank lending rate, British media reported.
Barclays says its first-half net profit slid 38% as investment division revenues fell and it set aside £1bn for client compensation.
Barclays says it has set aside £1bn to compensate customers who were wrongly sold insurance.
Barclays Plc plans to move its Africa headquarters in Dubai back to Johannesburg, a spokesperson for the bank says.
Absa's first-quarter profit before tax decreased by 19%, it said in an interim statement.
Barclays Bank appears to be the focus of an international investigation into alleged manipulation of Libor rates, reports the Financial Times.
Bob Diamond, the new chief executive of British bank Barclays Plc, will be paid a bonus of £6.5m for last year, a person familiar with the matter has revealed.
British bank Barclays will sell assets, reshape its portfolio and cut annual costs by £1bn to boost profitability as it grapples with tougher regulations that are depressing returns.
Barclays plans a radical revamp of its bonus system as part of a strategic review, the Financial Times reports.
