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Keyword: barclays

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  • This the RICO email and attachment?? (Mills involved?)

    11/01/2016 11:36:22 AM PDT · by Freemeorkillme · 40 replies
    Wikileaks ^ | 11-1-16 | Clinton Crime Foundation
    From:doug@presidentclinton.com To: john.podesta@gmail.com, jpodesta@americanprogress.org, vbjorklund@stblaw.com, dreynolds@clintonemail.com, jreynoso@stblaw.com, terry@tdmca.com more Date: 2011-11-18 12:49 Subject: Fwd: Please see the attached memorandum on the Foundation and Teneo. Hannah/Justin, please print a copy for President Clinton. As always, I am available anytime to discuss this or anything. Thank you, Doug
  • Chinese Bank to Buy Giant London Gold Vault

    05/16/2016 6:44:24 PM PDT · by BenLurkin · 8 replies
    WSJ ^ | 05/16/2016
    ICBC Standard Bank PLC said on Monday it is buying a precious-metals vault from Barclays PLC’s, in the latest move by the Chinese bank to increase its role in the market’s infrastructure. The move makes parent ICBC, the world’s biggest bank by assets, the first Chinese lender to own a vault in London and extends its influence in precious metals from pricing to storage. With China the largest consumer of many metals, the country’s banks have increasingly bid to own or help run the infrastructure in these markets. China accounts for more than a quarter of global gold demand, but...
  • US says banks won't be punished for lawful business in Iran

    05/12/2016 6:57:30 AM PDT · by Olog-hai · 13 replies
    Associated Press ^ | May 12, 2016 5:06 AM EDT | Josh Lederman
    U.S. Secretary of State John Kerry tried Thursday to reassure European banks they won’t be penalized for conducting or facilitating business with Iran, as he worked to address Tehran’s grievance that businesses are still staying away despite the nascent nuclear deal. At an unusual meeting in London, the top U.S. diplomat joined Britain’s top commerce official to challenge what Kerry called “misinterpretations or mere rumors” about U.S. sanctions on Iran, the most sweeping of which were lifted in exchange for Iran rolling back its nuclear program. The list of banks whose leaders attended was a Who’s Who of powerful financial...
  • UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

    09/28/2015 5:06:30 PM PDT · by SkyPilot · 83 replies
    Zero Hedge ^ | 28 Sep 15 | Tyler Durden
    With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators - some 10 years behind the curve as usual - finally cracked down on gold manipulation as well, even though as we have shown in the past, central banks in general and the Fed in particular are among the biggest gold manipulators. That said, we are confident by now nobody will be surprised that there was manipulation going on in the gold casino. In fact, ever since Germany's Bafin launched a probe into Deutsche Bank for gold and silver...
  • Jeb Bush: As president, I'll end crony capitalism

    10/19/2015 6:47:21 AM PDT · by jimbo123 · 66 replies
    Washington Examiner ^ | 10/19/15 | GOV. JEB BUSH
    -snip- As president of the United States, I will use all the powers of my office to disrupt the political culture of a dysfunctional Washington, D.C. We need to clean house and it must start by eliminating the crony capitalism that is pervasive throughout the federal government. There are tens of billions of dollars of corporate welfare subsidies tucked into the federal budget. -snip- The influence peddling industry in Washington will fight every step of the way to defend their fiefdoms and special favors. It is going to take a president with a stiff spine and a proven record of...
  • 5 Big Banks Expected to Plead Guilty to Felony Charges, but Punishments May Be Tempered

    05/14/2015 6:40:23 AM PDT · by Theoria · 16 replies
    The New York Times ^ | 13 May 2015 | BEN PROTESS and MICHAEL CORKERY
    For most people, pleading guilty to a felony means they will very likely land in prison, lose their job and forfeit their right to vote. But when five of the world’s biggest banks plead guilty to an array of antitrust and fraud charges as soon as next week, life will go on, probably without much of a hiccup. The Justice Department is preparing to announce that Barclays, JPMorgan Chase, Citigroup and the Royal Bank of Scotland will collectively pay several billion dollars and plead guilty to criminal antitrust violations for rigging the price of foreign currencies, according to people briefed...
  • New York AG slaps Barclays with securities fraud suit

    06/25/2014 5:47:35 PM PDT · by Citizen Zed · 2 replies
    Euro News ^ | 6-25-2014 | Karen Freifeld and John McCrank
    Barclays told customers who chose to trade in its dark pool that they would be protected from “predatory traders,” which use their speed advantage to deprive other investors of small profits on every trade. But in fact, customers were not protected at all, and the bank in fact courted predatory high-frequency traders in part by charging them virtually nothing, New York Attorney General Eric Schneiderman alleged. “Barclays grew its dark pool by telling investors they were diving into safe waters,” Schneiderman said. “Barclays’ dark pool was full of predators – there at Barclays’ invitation.” Barclays said in an emailed statement,...
  • Regulator Fines Barclays for Gold Manipulation: Permanent Price Suppression?

    05/25/2014 8:55:15 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | May 25, 2014 | Mike Shedlock
    A couple of readers asked me to comment on the news Regulator Fines Barclays Over the Pricing of Gold. A British financial regulator has fined Barclays $43.9 million after accusing a former trader at the bank of improperly influencing gold prices at the expense of a customer. The F.C.A. also fined the former Barclays trader, Daniel James Plunkett, £95,600 and barred him from participating in any regulated financial activity. The authority said Mr. Plunkett, who settled with it, had profited at the expense of a customer, who was later fully compensated by Barclays. Mr. Plunkett’s improper conduct occurred on June...
  • Jeb Bush’s rush to make money may be hurdle

    04/23/2014 6:51:44 AM PDT · by jimbo123 · 9 replies
    NY Times CNBC ^ | 4/21/14 | Michael Barbaro
    As it sought to recruit well-heeled investors, an untested and unprofitable Miami company named InnoVida brought aboard a trusted Florida figure in 2007: Jeb Bush, the former governor and the brother of a sitting president. For potential stockholders, the imprimatur of Mr. Bush, who joined InnoVida as a paid consultant and a member of the board of directors, conferred credibility on the young start-up. That credibility did not last long. It turned out that the leaders of InnoVida, a manufacturer of inexpensive building materials, had faked documents, lied about the health of the business and misappropriated $40 million in company...
  • Barclays Latest To Exit Commodity Trading, Layoff Several Thousand Staff

    04/20/2014 4:28:28 PM PDT · by SeekAndFind · 6 replies
    Zero Hedge ^ | 04/20/2014 | Tyler Durden
    With JPMorgan and Deutsche Bank having exited the commodities business (and numerous other banks discussing it ahead of the Fed and regulators' decisions over banking rules of ownership), it appears a few short months of regulatory scrutiny is enough to warrant more broad-based cuts across bulge-bracket banks historically most manipulated and profitable business units. As The FT reports, Barclays, one of the world’s biggest commodities traders, is planning to exit large parts of its metals, agricultural and energy business in a move expected to be announced this week. This comes on the heels of Barclays shuttering its power-trading operations...
  • Barclays to shake up investment bank: Thousands of jobs cuts expected

    03/13/2014 12:42:38 PM PDT · by SeekAndFind · 4 replies
    Fiscal Times ^ | 03/13/2014 | By Martin Arnold, Patrick Jenkins and David Oakley
    Barclays is preparing a radical overhaul of its troubled investment bank in a move which is expected to result in thousands of job cuts, adding to pressure on the division’s two heads. The shake-up comes amid growing investor disquiet about the bank’s decision to increase bonus payments by 10 per cent to a total of £2.4bn last year in spite of a one-third fall in its pre-tax profits. Shareholders are also unhappy about rising costs and falling profits at the investment bank, which is jointly run by Tom King in the US and Eric Bommensath in Europe. The new strategy...
  • 481 Barclays Employees Were Paid Over 1 Million Pounds In 2013, Despite Losses, Mass Layoffs

    03/05/2014 9:30:05 AM PST · by SeekAndFind · 42 replies
    Zero Hedge ^ | 03/05/2014 | Tyler Durden
    It was less than a month ago when Barclays announced it would fire 12,000 workers after posting abysmal earnings with Q4 banking income crashing 37% and overall income sliding 9%. So, one would think, its employees would be punished with lower pay - those that are lucky enough to keep their jobs of course. One would be wrong. Reuters just reported that 481 of Barclays employees were paid 1 million pounds ($1.7 million) or more last year, 53 more than in the year before, and most of them were based in the United States.The headscratcher continues: Barclays said 57...
  • Barclays Fires 12,000; Reports Horrible Earnings, Awards Itself Bigger Bonuses

    02/11/2014 8:27:14 AM PST · by SeekAndFind · 14 replies
    Zero Hedge ^ | 02/11/2014 | Tyler Durden
    It is not easy for one bank to anger more people with one announcement than what Barclays did in the past 24 hours. In one fell swoop, the British bank infuriated shareholders after announcing dismal earnings (an adjusted Q4 profit of about 200 million pounds and a statutory profit of less than 100 million as investment banking income slumped 37% as income fell 9% to 10.7 billion due to a fall in fixed income, and it took further charges related to a cleanup of the banking industry in the wake of the 2008 financial crisis) which sent the share...
  • Barclays account details for sale as 'gold mine' of up to 27,000 files is leaked

    02/08/2014 5:31:13 PM PST · by dynachrome · 12 replies
    Daily Mail ^ | 2-8-14 | Ian Gallagher and Stephanie Condron and Simon Watkins
    Barclays Bank is reeling from an unprecedented security breach after thousands of confidential customer files were stolen and sold on to rogue City traders. In the worst case of data loss from a British High Street bank, highly sensitive information, including customers’ earnings, savings, mortgages, health issues and insurance policies, ended up in the hands of unscrupulous brokers. The data ‘gold mine’ - also containing passport and national insurance numbers - is worth millions on the black market because it allowed unsuspecting individuals to be targeted in investment scams.
  • (UK) Our Government must stop abandoning our companies to American wolves

    11/08/2013 11:03:12 PM PST · by Olog-hai · 3 replies
    Daily Telegraph (UK) ^ | 7:35PM GMT 31 Oct 2013 | Katherine Rushton
    Over the past few years, British businesses operating in America have learned the hard way exactly how brutal the US can be when things go wrong. British banks have had to pay billions of dollars in fines to settle investigations by US regulators, ranging from allegations that Barclays rigged LIBOR to claims that Standard Chartered breached US sanctions against Iran. … The US Department of Justice has hardly given JP Morgan an easy ride of late. Last week, America’s biggest bank was fined $5.1 billion, most of which related to wrongdoing at Bear Stearns and Washington Mutual, companies JP Morgan...
  • U.S. Government Investigation Of Gold Price Manipulation

    03/16/2013 7:13:07 AM PDT · by blam · 17 replies
    TMO ^ | 3-16-2013 | Midas Letter
    U.S. Government Investigation Of Gold Price Manipulation Commodities / Gold and Silver 2013March 15, 2013 - 04:16 PM GMT By: Midas Letter Yesterday, the Commodity Futures Trading Commission, the regulator who ostensibly regulates the banks and major financial institutions who participate in the futures and commodities trading business, announced they were going to examine whether prices are being manipulated in the “world’s largest gold market”, according to a story in the Wall Street Journal. For long time observers of the gold price and the fundamental and not-so-fundamental influences on its price movements, the announcement might have elicited a gasp of...
  • Barclays May Cut 40,000 Jobs

    03/07/2013 1:04:25 PM PST · by SeekAndFind · 3 replies
    Business Insider ^ | 03/07/2013 | Telegraph Staff
    Barclays chief executive Antony Jenkins has suggested that up to 40,000 jobs could be cut at the bank as customers switch to automated banking, according to reports. In meetings with shareholders of the bank, Mr Jenkins has said that he saw a future in which the bank employed 100,000 staff, Sky News has reported. Barclays currently hires roughly 140,000 people. It is understood that Mr Jenkins has discussed with investors the possibility of Barclays will become a self-service-oriented company, thereby allowing the remaining staff to focus on delivering "added value" to its customers. However, one insider at the bank told...
  • Barclays' Disgraced COO Gets £8.75 Million Golden Parachute Instead Of Jail Time

    07/25/2012 3:10:09 PM PDT · by SeekAndFind · 3 replies
    Zero Hedge ^ | 07/25/2012 | Tyler Durden
    The guy who openly admitted he was getting notification from the BOE to manipulate Libor, and was advising his traders appropriately, Barclays' COO Jerry del Missier, and who quit the same day as his boss Bob Diamond, has finally had his pay package revealed. The payoff to get him out and shut him up? £8,750,000. From SKY: The Barclays executive who presided over the falsification of the bank's Libor submissions is to receive a cash pay-off worth almost £9m in a move that will spark a political outcry. I can exclusively reveal that Jerry del Missier, who resigned as Barclays’...
  • Geithner & Libor: What Did He Know about the LIBOR manipulation scandal and When?

    07/12/2012 1:32:52 PM PDT · by SeekAndFind · 6 replies
    New York Post ^ | 07/12/2012 | Charles Gasparino
    The latest development in the Libor-manipulation scandal is that the banks weren’t really fixing the price of the key interest rate in total secret — US regulators were aware of the sleazy activities at the time, and seemed to have done nothing. Which should surprise no one. I can’t tell you how much federal officials knew about the activities of Barclay’s, JPMorgan, Citigroup and the other big banks at the center of the maelstrom. In coming weeks, both Federal Reserve chief Ben Bernanke and Treasury Secretary Tim Geithner will inevitably discuss the mess when they appear before Congress. Bernanke testifies...
  • The British, at Least, Are Getting Tough (Barclays rigging of LIBOR)

    07/08/2012 1:42:13 PM PDT · by neverdem · 12 replies
    NY Times ^ | July 7, 2012 | Gretchen Morgenson
    THE unfolding story of how Barclays — and, in all likelihood, other big banks — rigged interest rates is full of telling tidbits about the way Wall Street works. It also represents yet another teachable moment. By now the world knows that Barclays manipulated the most widely used benchmark rate, the London interbank offered rate. But Barclays is just one member of the cozy club that sets the Libor, which is supposed to be based on the average rate at which large banks can borrow money overnight. It’s not based on actual transactions, however — and that leaves room for...