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September 5, 2008 10:59:57 AM CDT

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Stories related to: Barclays

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13 Stories

  • August 2008

    • UK Banks 'Milk Borrowers' to Pay for Credit Crunch

      Daily Mail (UK)  |  Aug 23, 08 7:19 PM CDT

      UK Banks 'Milk Borrowers' to Pay for Credit Crunch

      (Newser) - Britain's big banks are being accused of hoisting nearly £3 billion in interest payments on customers to make up for bad bank investments, the Daily Mail reports. Seeking to recoup huge losses from assets linked to subprime US mortgages, the banks have hiked mortgage rates and fees despite interest rate cuts that make it easier for banks to borrow. More »

      Tags

      Great Britain  • United Kingdom  • credit crisis  • bank  • banking  • Barclays  • HSBC  • banking industry

  • June 2008
  • January 2008

    • SEC Opens ABN Amro Insider Trading Probe

      CNN  |  Jan 23, 08 11:42 AM CST

      SEC Opens ABN Amro Insider Trading Probe

      (Newser) - The US Securities and Exchange Commission has opened an inquiry into possible insider trading surrounding last year's takeover of Dutch bank ABN Amro. Holland's Financieele Dagblad r eports that Fortis, Barclays, Santander, and Royal Bank of Scotland—which eventually won the bidding—have been asked for information about trading in ABN stock before and during the takeover battle. More »

    • Court Rejects $40B Suit from Enron Investors

      Bloomberg  |  Jan 23, 08 4:15 AM CST

      Court Rejects $40B Suit from Enron Investors

      (Newser) - The Supreme Court yesterday turned away an appeal from Enron investors seeking to sue banks that loaned the company money, Bloomberg reports. A lower court ruling had blocked the investors from organizing a $40 billion class-action suit against Merrill Lynch, Credit Suisse and other banks. The investors accused the banks of helping the energy trader disguise debt as loans and financing phony trades. More »

      Tags

      lawsuit  • US Supreme Court  • Merrill Lynch  • Barclays  • Credit Suisse  • Enron

  • September 2007
  • August 2007

    • Stricker Strikes It Big at Barclays

      Associated Press  |  Aug 27, 07 1:46 AM CDT

      Stricker Strikes It Big at Barclays

      (Newser) - Steve Stricker shot a final-round 69 at The Barclays yesterday to best K.J. Choi and hoist his first trophy in over six years. Stricker's four birdies in the final five holes capped a masterful run at Choi, who'd taken a one-stroke lead with two enormous birdie putts. Stricker's 16-under 268 was good enough for a 2-shot win over the pack. More »

      Tags

      golf  • Tiger Woods  • PGA  • Barclays  • Steve Stricker  • K.J. Choi

    • Choi Takes Lead at Barclays

      Associated Press  |  Aug 24, 07 10:23 PM CDT

      Choi Takes Lead at Barclays

      (Newser) - K.J. Choi gave Tiger Woods a run for his money at the Barclays today, even though the new dad wasn't entered in the first round of the FedEx Cup. Choi, who's having his best year in golf, made a 5-under 66, giving him a two-shot lead over Rich Beem going into the weekend, and the possibility of upsetting Tiger as the No. 1 seed, the AP reports. More »

      Tags

      golf  • Tiger Woods  • Barclays  • Vijay Singh  • K.J. Choi  • Westchester

  • July 2007

    • Barclays Bid Gets Backing From the East

      BBC  |  Jul 23, 07 12:06 PM CDT

      Barclays Bid Gets Backing From the East

      (Newser) - The Chinese and Singaporean governments have invested almost $5 billion in Barclays, helping the firm float more cash for its bid for ABN. The state-run companies would invest even more if the bid succeeds, which would leave the Chinese state with a holding of 7.7% of the world's new largest bank. More »

      Tags

      China  • bank  • Singapore  • Barclays  • ABN AMRO

    • Barclays Selling Stake to Fund Bank Battle

      Wall Street Journal  |  Jul 23, 07 5:56 AM CDT

      Barclays Selling Stake to Fund Bank Battle

      (Newser) - Barclays Bank is poised to sell a significant piece of itself to fund its bitterly contested takeover battle for Dutch bank ABN Amro, the Wall Street Journal reports. Barclays is close to a deal with Singapore's government-owned investment firm Temasek Holdings and another investor. A 10% stake is worth up to $9.6 billion.  More »

      Tags

      Barclays  • Royal Bank of Scotland  • ABN AMRO

  • May 2007

    • RBS Consortium Renews Bid for ABN Amro

      Wall Street Journal  |  May 29, 07 9:02 AM CDT

      RBS Consortium Renews Bid for ABN Amro

      (Newser) - Refusing to take no for an answer, a coalition led by Royal Bank of Scotland today submitted a renewed $95.6 billion bid for ABN Amro. The offer overshadows a competing $86 billion offer from Barclays, but legal wrangling over the sale of LaSalle Bank continues to bog down the RBS group's proposal, the Wall Street Journal reports. More »

      Tags

      acquisitions  • merger  • bank  • Barclays  • Royal Bank of Scotland  • ABN AMRO  • LaSalle Bank

    • Dutch Court Blocks Bank Merger

      Bloomberg  |  May 3, 07 1:47 PM CDT

      Dutch Court Blocks Bank Merger

      (Newser) - A Dutch court has blocked the sale of ABN Amro's LaSalle Bank, throwing Amro's proposed merger with Barclays into jeopardy. The move—which the court says is intended to protect shareholder interests—could spark a new bidding war over the Dutch bank, whose $87.5 billion proposed merger with Barclays has been slammed by shareholders as a lowball deal. More »

      Tags

      business  • bank  • Barclays  • Royal Bank of Scotland  • ABN AMRO  • LaSalle

  • April 2007

    • Euro Bank Giants to Merge

      BBC  |  Apr 23, 07 9:23 AM CDT

      Euro Bank Giants to Merge

      (Newser) - Britain's Barclays Bank and Dutch bank ABN Amro have agreed to merge, creating one of the world's largest banks. The $90 billion deal is far from a sure thing, however—it requires approval by shareholders and regulators, and a group led by Barclays' archrival, the Royal Bank of Scotland, has expressed interest in ABN. More »

      Tags

      money  • merger  • bank  • Barclays  • ABN AMRO  • John Varley

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