barclays etn+short b s&p 500 (BXDB) Key Developments
Barclays Appoints New Managing Directors in Real Estate Investment Banking Group
Mar 14 14
Barclays announced that it has appointed two new managing directors to its Real Estate Investment Banking Group based in New York. Ragavan Bala is joining Barclays as head of real estate M&A from Bank of America Merrill Lynch. Peter Scott is joining Barclays as a managing director in the real estate coverage group and is bringing experience after 11 years in investment banking, nine of which were with Lehman Brothers/Barclays. Most recently Scott was a managing director in the real estate investment banking group at Credit Suisse.
Barclays PLC Plans to Cut About 35 Jobs in the Isle of Man
Mar 12 14
Barclays Plc announced a plan to reduce jobs in the Isle of Man. The bank announced that it was planning to cut about 35 jobs as payment processing work has dropped in the island. The roles to be cut are in the payment processing team. It is believed that the majority of this work will be undertaken in Glasgow.
Gold Investor Launches Legal Case over Market Manipulation Claims Against Five Banks
Mar 6 14
An American investor has launched a lawsuit against five banks accused of manipulating prices in the gold market. It is alleged that traders sought to artificially adjust the London gold price. The benchmark is considered particularly useful as gold is typically traded over the counter, in bilateral trades rather than through an exchange which determines prices. Barclays, Deutsche Bank, Societe Generale, HSBC are among those named in the case, lodged in New York by investor Kevin Maher. Societe Generale appears to have been named as a defendant in these proceedings together with other members of the London Gold Market Fixing Ltd. The claims are unsubstantiated and Societe Generale will defend itself against these proceedings.
Barclays PLC Appoints Steve Childs as Head of International and Trade for Business Banking
Feb 28 14
Barclays PLC has appointed Steve Childs as head of international and trade for business banking. The new appointment will see Mr. Childs head up one of the teams of specialist international and trade business bankers in the UK as Barclays increases its investment to support the Government's ambition to double UK exports by 2020.
Barclays Announces Executive Appointments
Feb 27 14
Barclays Plc has announced that it has enhanced its Asia Research team. The firm has appointed Sudeep Sarma as head of Asia-Pacific research, and Bhavtosh Vajpayee as head of equity research Asia ex-Japan. The firm has recently named Jon Scoffin as head of equity research.