News Source: The Independent
| 4 months ago
One of the City's most blue-blooded stockbrokers once told me there is a simple reason why London has been the hub of global finance for more than 300 years – British financiers are brilliant hustlers. As well as being hustlers – my stockbroker...
News Source: Androscoggin News
| 4 months ago
Never before has this resolve been tested more than in the past 12 months. While the financial crisis has ripped apart some of the world's biggest banks, Mr Diamond and John Varley, Barclays chief executive, have fought an unrelenting battle to...
News Source: The independent
| 4 months ago
Barclays is to sell its Global Investors division (BGI) to the US giant BlackRock for $13.5bn (£8.2bn), creating the world's biggest asset manager and shoring up the UK bank's balance sheet. Barclays will retain a 19.9 per cent stake in the new...
News Source: The independent
| 4 months ago
Would Barclays be disposing of Barclays Global Investors (BGI) at all, let alone at this stage in the cycle, were it not for the banking crisis and the need to raise more capital? Probably not, John Varley, the Barclays chief executive, admits...