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BARCLAYS FINE
On This Day in History, June 27: World's first ATM installed, Peter the Great wins at Poltava, Atari founded, Djibouti gains independence, first colour TV demo and moreOn This Day in History, June 27, history spans military victories, political change, scientific innovation and technological breakthroughs....- China can build humanoids at scale. The hard part is finding enough buyersChinese companies are pushing ahead with humanoid robot production. These robots can perform tasks like directing traffic and making coffee...
- UK fines Barclays $56 million for lapses in financial crime controlBarclays faced a hefty fine from Britain's financial regulator. The penalty is due to lapses in evaluating money laundering risks. These la...
- Consumer forum fines Barclays bank for unfair trade practicesThe forum said the bank had a malafide intention when it converted Rs 10,000 into 12 EMIs inspite of one-time payment.
- Irda slaps penalty of Rs 10 lakh on Max LifeIrda today slapped a fine of Rs 10 lakh on Max Life Insurance Co for violating guidelines with regard to payout to a corporate agent.
- Barclays finance director Chris Lucas to Retire Amid ProbesGeneral counsel Mark Harding will also retire, the London based company said in a statement on Sunday.
- Barclays may move hundreds of jobs to India: ReportWith around 2,000 jobs on the line at its troubled investment banking unit here, Barclays has dispatched a team to recruit and train new st...
- Barclays valuation 93% cheaper than its competitors, fuels breakup talkBarclays fined a record amount for rigging global interest rates, is languishing at a cheaper valuation than 93% of its global competitors.
- Libor rate rigging scandal: Banks face penalties worth $22 billionTwelve global banks involved in the Libor rate-rigging scandal may face up to a combined $22 billion in penalties and damages.
- Robert Diamond antithesis seen as key step to repairing BarclaysBarclays needs to find a successor for Robert Diamond who is the opposite of the American investment banker as a first step to restoring po...
- Libor scandal: Split of UK parent will weaken Barclays' India operationsThe Indian unit of Barclays may become a weaker entity if the parent is split into retail and investment banks.
- Barclays strategy backfires in Libor scandalBob Diamond and the rest of the Barclays board sowed the seeds of their own downfall when they chose to come clean about Libor fixing.
- Lord Paul seeks intensive probe into UK banking crisisLord Swraj Paul has demanded an intensive probe into the raging banking crisis in Britain, saying the Libor fixing has hurt the reputation ...
- Determination of 'London Interbank Offered Rate' must be above suspicionThe scandal involving the Libor, which serves as a benchmark for determining the rate of interest, has already cost Barclays dear.
- Succession race for Bank of England governor roiledChancellor of the Exchequer George Osborne's search for the next BoE governor just got even tougher as the Libor-rigging scandal casts a sh...
- Bob Diamond - The 'unacceptable face'of bankingBob Diamond became the lightning rod for criticism after Barclays was fined a record USD 450 million last week for helping to rig the key i...
- ET in classroom: Libor LessonsBanks set their own Libor, and each day tell a central entity how much interest they estimate they would have to pay on such loans.
- UK regulator fines Barclays $12.3 millionBarclays bank has been hit with a record fine of 7.7 million pounds ($12.3 million) for giving poor advice to investors in a pair of funds,...
- RBS fined $43 mn over data disclosure to BarclaysThis is the largest UK regulatory penalty against a financial institution, for giving confidential pricing data to Barclays. A personal bud...
- US probe into ABN deals may hit Barclays pactA probe by the US Justice Department into past money transfers at ABN AMRO Holding looms as a hurdle to signing a deal to sell the Dutch ba...
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