British banking giant Barclays has been charged with breaching the International Emergency Economic Powers Act and the Trading with the Enemy Act in dealings between 1995 and 2006. The bank has been involved in illegal financial transactions with banks in Cuba, Iran, Libya, Sudan and Burma, according...
Posted to
Finance
on 08-17-2010
Filed under: All Financial News, Banking News, Barclays, illegal, Justice Department, bank case, financial transactions
According to a report in the Financial Times, British banking giant Barclays has refused to sign up to Government lending targets, suggesting they could encourage irresponsible lending. Steve Cooper, head of Barclays’ small business division, told the FT: “I’m not going to sign up to a target....
Posted to
Finance
on 08-13-2010
Filed under: All Financial News, lending, Banking News, industry, Government, Barclays, reject, profits, targets, Steve Cooper, irresponsible lending
Today’s results from Barclays has reinforced that the banking sector is in recovery mode after the bank reported a 44% rise in profits.
The bank, which is one of the few not to have received any financial help from the Government, said pre-tax profits came in at £3.95 billion for the six months to the...
Posted to
Finance
on 08-05-2010
Filed under: All Financial News, Banking News, Barclays, Lloyds, HSBC, rise, profits, first half, banking sector, investment bank, 4.4%
Only two out of seventeen high street banks allow people going through bankruptcy to open a basic, no credit bank account, new research has found.
A study by the Citizens Advice Bureau found only the Co-operative and Barclays offer bank accounts to undischarged bankrupts, despite there being no legal...
Posted to
Finance
on 07-28-2010
Filed under: All Financial News, UK, Banking News, Co-operative, Debt News, Barclays, undischarged bankrupts