RBS, HSBC and Barclays ignored warnings from third party advisers before selling on billions of dollars of toxic mortgage debt to Fannie Mae and Freddie Mac in the lead-up to the financial crisis, court papers have alleged.
It is perhaps not a little ironic that on the eve of deadline day for three major banking groups to resolve their pre-judicial review payment protection insurance (PPI) complaints, another possible ‘protection' mis-selling scandal is uncovered.
Barclays anticipates further customer complaints related to its sales of payment protection insurance (PPI) after seeing a 93% increase in the six months to July.
The UK's index of 100 leading shares fell 2.76% to below 5,000 this morning, as global markets showed no signs of shaking off fears the West is heading back into recession.
Barclays Bank has introduced an exchange-traded note (ETN) which promises to provide investors with access to a dynamic volatility strategy.
The S&P 500 Short-term VIX Futures index shot up by almost 60% in the week to 8 August, triggering a surge in activity in exchange-traded notes (ETNs) on the index.
A former Barclays Bank employee has been jailed for three years after he stole £820,000 from a pensioner's bank account.
Barclays Capital is to list nine exchange-traded notes (ETNs) on the Tokyo Stock Exchange through its exchange-traded product platform iPath, making them the first ETNs and foreign securities listed in Japan
The figures that reveal a different market to that seen by borrowers
Barclays saw its pre-tax profits fall by a third during the first half of the year, with payment protection insurance (PPI) claims and reduced bond trading activity hitting earnings.