According to report by Sky News
'Regrets' not having more time to reform bank
Further £10bn needs to be put aside
Biggest fine of its type ever issued
FTSE 100 down 0.9%
Follows sacking of Jenkins
Follows sacking of Jenkins
Sovereign wealth fund hit
Standard Life Investments UK manager Thomas Moore has said Barclays can transform itself under the watchful eye of interim chief executive John McFarlane.
Barclays helped boost the FTSE 100 today after chairman John McFarlane announced increased profits and a strict cost-cutting exercise in the interim company's results.
Equity income strategies are set to remain in favour but dividend growth rather than headline yield is becoming increasingly important, according to Henderson High Income's David Smith.
Strong performance from financials bumped up UK payouts to a second quarter record of £29.2bn this year, according to the latest Capita Dividend Monitor.
Barclays is planning to cut over 30,000 jobs in the next two years, after firing chief executive Antony Jenkins earlier this month.
Barclays chief executive Antony Jenkins is to leave the bank as the board of directors calls for a change in leadership with a "new set of skills".
Matt Hudson, manager of the £694m Schroder UK Alpha Income fund, has increased his weighting to banks, despite industry concerns about the threat to dividends from the record level of regulatory fines imposed recently.
Mike Fullalove has joined Barclays Wealth and Investment Management from Alliance Bernstein as its new head of fund products.
Asset allocators are refusing to be swayed by a recent rally in commodity prices, saying the bounce is far from sustainable for a sector which remains “on life support”.
Some of the largest British banks have launched a review to determine whether allegedly corrupt payments involving football officials have passed through their books.
The Financial Conduct Authority's(FCA) income from fines it imposes on financial services companies is set to dip on last year's total, despite record penalties for Barclays and Deutsche Bank in recent months.
The Financial Conduct Authority (FCA) has fined Barclays a record £284m for 'unacceptable practices' relating to forex trading, as five other global banks are also hit with heavy penalties.
Barclays has set aside an extra £800m to cover the costs of a probe into foreign exchange rate-rigging, its latest results reveal.
Some of Britain's largest companies will issue formal warnings on the risks of exiting the EU if the Conservative Party pushes ahead with referendum plans after the election.
Barclays has made increased provisions for a probe into currency market manipulation and other issues, masking a rise in adjusted pre-tax profits.
Old Mutual Global Investors income manager Stephen Message is running one of the largest overweights to financials in his sector, in the expectation UK banks are set to return cash to shareholders.