The Securities and Exchange Commission has charged that Barclays PLC and Barclays Bank PLC offered and sold “an unprecedented amount” of unregistered securities because of a “failure to implement any internal control to track such transactions in real time.” One result of that alleged failure is that both Barclays PLC and Barclays Bank PLC had… Read More >>
Barclays Signs Up for DTCC’s New Liquidity Data Service
New Offering from DTCC Data Products DTCC Data Products, a centralized data provisioning service supporting DTCC’s offerings, is launching the Liquidity Coverage Ratio (LCR) Data Service, which has gotten the thumb’s up from Barclays Bank, officials say. The new LCR Data Service has been designed to “help firms manage their buffer requirements for liquidity facilities”… Read More >>
Barclays Board Dismisses CEO Antony Jenkins
Barclays’ board is parting company with Antony Jenkins, who is being dismissed from the post of chief executive after three years to make way for a CEO that can “accelerate the pace of execution going forward,” according to bank officials. While a search for Jenkins’ successor is underway, his temporary replacement is John McFarlane who… Read More >>
The Fed Hits Six Banks with Record Fines
The Federal Reserve has imposed $1.8 billion in fines, “among the largest ever assessed,” against UBS, Barclays Bank, Citigroup, JPMorgan Chase & Co., the Royal Bank of Scotland (RBS) and Bank of America Corp. (BofA) for what Fed officials call “their unsafe and unsound practices in the foreign exchange (FX) markets.” The dollar amounts for… Read More >>
Barclays Exec Joins Capco’s UK Team
Business and technology consultancy Capco has appointed Jonathan Rose, a former Barclays executive, as a partner for its UK team. Rose has previously worked as a managing director, chief operating officer (COO) and chief investment officer (CIO) at Barclays bank, according to Capco’s statement. At Barclays, Rose’s managed IT service delivery, transformation, management and strategy… Read More >>
Douglas Jeffrey Leaves Information Mosaic as SWIFT Plans to Hire in Asia-Pacific
Jeffrey Leaves Information Mosaic Industry veteran Douglas Jeffrey has left his post as president for the Americas for Information Mosaic and is working with Recondo Technology, a software as a service (Saas) provider for the healthcare industry. Jeffrey confirms that he is the New York-based vice president for strategic accounts at Recondo, which provides Web-based,… Read More >>
