Barclays, Weighed Down by Litigation Charges, Reported Loss in 2014

by The New York Times // March 3, 2015 // Updated 09:55 GMT // 0 Comments

LONDON — Barclays said on Tuesday that it fell to a loss in 2014 as the British bank’s annual results were dragged down by charges related to potential fines and litigation costs for past conduct by its employees, and lower income in its investment bank as the lender continues to shrink that business. The bank’s […]

English Premier League Sells British TV Rights for $7.8 Billion

by The New York Times // February 10, 2015 // Updated 18:24 GMT // 0 Comments

LONDON — The English Premier League, the world’s most widely watched soccer league, said on Tuesday that it had sold British television rights for a record 5.1 billion pounds, or about $7.8 billion. – “It is an endorsement of what the Barclays Premier League delivers that these broadcast partnerships have been extended and enhanced,” Richard […]

U.S. Is Seeking Felony Pleas by Big Banks in Foreign Currency Inquiry

by The New York Times // February 10, 2015 // Updated 03:05 GMT // 0 Comments

In the final stages of a long-running investigation into corruption in the world’s largest financial market, federal prosecutors have recently informed Barclays, JPMorgan Chase, the Royal Bank of Scotland and Citigroup that they must enter guilty pleas to settle the cases, according to lawyers briefed on the matter. The pleas would be likely to carry […]