Barclays

Pockets of value in the corporate bond market have opened up even as markets begin to adjust to the prospect of tighter monetary policy, according to Threadneedle CIO Mark Burgess.

The Abu Dhabi Sheikh who became the second largest shareholder in Barclays at the height of the credit crisis has sold his entire stake, making a huge profit.

Legal & General Investment Management is looking to boost its fund range with a number of new launches, starting with a bond index tracker.

Barclays has been hit with a record fine from a US regulator for allegedly manipulating energy markets in California and other US states.

Standard & Poor's has cut the credit ratings of Barclays, Credit Suisse and Deutsche Bank due to "uncertain market conditions".

The European Commission has accused 13 banks, including Barclays, HSBC and the Royal Bank of Scotland, of colluding to hamper competition in the credit derivatives market.

UK banks need to raise billions more in capital to cover their risks, the regulator has said.

Barclays' wealth division has closed its discretionary fund management service to advised clients with less than £250,000 of investable assets.

Barclays has been dragged into the scandal surrounding Liberty Reserve, a US cash-transfer business accused of running the biggest money-laundering operation in American history.

Barclays' Q1 adjusted pre-tax profit has dropped 25% to £1.8bn after the bank took a £500m hit over its restructuring programme.