ipath optimized currency etn (ICI) Key Developments
Barclays PLC Presents at Morgan Stanley European Financials Conference 2015, Mar-24-2015 08:05 AM
Mar 24 15
Barclays PLC Presents at Morgan Stanley European Financials Conference 2015, Mar-24-2015 08:05 AM. Venue: The London Hilton on Park Lane, 22 Park Lane, London W1K, United Kingdom. Speakers: Antony P. Jenkins, Group Chief Executive Officer, Executive Director, Member of Regulatory Investigations Committee, Group Chief Executive Officer of Barclays Bank PLC and Director of Barclays Bank PLC.
Barclays Appoints Kevin McKay as General Counsel in US
Mar 18 15
Barclays has appointed a new general counsel in the US after the departure of Carlos Pelayo from the bank. Kevin McKay, general counsel of Dominick & Dominick, will begin work in the New York-based role on 23 March 2015. Pelayo's departure follows the resignation of several senior lawyers at Barclays in 2015. GC for Europe, Middle East and Asia investment, Erica Handling, announced she was resigning after four years at the bank (12 March 2015). In his previous role, McKay oversaw the acquisition of Dominick & Dominick's wealth management assets by Wunderlich Securities in January. Following the acquisition, McKay was named GC of Wunderlich Securities, though will take up the post of head of Barclays' US legal team less than two months later.
Barclays PLC Appoints Miray Muminoglu as Head for Funding and Capital Issuance
Mar 18 15
Barclays Plc has announced that it has named a new head for funding and capital issuance. The bank has appointed Miray Muminoglu as head of long-term unsecured funding and capital issuance. Muminoglu is currently a director on the investment bank's fixed income syndicate desk and is expected to join Barclays Plc' treasury capital markets execution team in April.
Colt Group S.A. Appoints Barclays Bank plc as Joint Corporate Broker
Mar 17 15
Colt Group S.A. announced the appointment of Barclays Bank PLC as joint corporate broker, to work alongside its existing broker Morgan Stanley, with immediate effect.
Citigroup, Barclays Reach $800 Million Settlement on Private Forex Lawsuit
Mar 17 15
Citigroup Inc.and Barclays Plc are nearing a settlement totaling $800 million with private investors to resolve charges of foreign exchange rate rigging. However, its is not revealed as to how much Citigroup or Barclays would pay individually. The private forex lawsuit was filed by private investors in the U.S. and the Caribbean, including pension funds and other investment firms, in late 2013. These were related to spot FX trading activities as well as controls applicable to those activities. The traders are charged of colluding and sharing information about client orders to manipulate foreign-exchange rates. Barclays and Citigroup have suspended several traders in connection to the investigation into currencies markets, which was kicked off in London in April 2013 by the U.K. conduct authority. To settle similar private lawsuits, J.P. Morgan in late January agreed to pay $99.5 million, and UBS agreed to pay $135 million. However, the lawsuits are still outstanding against others leading banks. The world-wide foreign-exchange rigging probe has already cost global banks billions of dollars in payouts and fines.