Barclays Plc

Barclays CEO says it’s misguided to go ‘cold turkey’ on oil - THE EDGE SINGAPORE

Energy

Barclays CEO says it’s misguided to go ‘cold turkey’ on oil

Earlier this year, Barclays pledged to halt the direct financing of new oil and gas projects.

Banking & finance

Credit Suisse was part of foreign-exchange 'conspiracy network,' lawyer says

Credit Suisse is the only one of the banks to go to trial, which kicked off Tuesday following jury selection.

Company in the news

OCBC said to weigh bid for StanChart-backed Indonesian bank

(Aug 15): Oversea-Chinese Banking Corp. is weighing a bid for Standard Chartered Plc’s Indonesian bank, people with knowledge of the matter said, a move that may create the country’s fifth-largest lender. OCBC shares fell.

M&A

Barclays mulls possible merger with StanChart and even 'hypothetical combo' with DBS, reports FT

SINGAPORE (May 23): Barclays Plc has been exploring a potential merger with rival banks including Standard Chartered Plc, as part of wide-ranging contingency plans being weighed by senior board members following pressure from an activist investor, the Fin
Deutsche Bank

Global Economy

Deutsche Bank cuts 2016 bonus pool by almost 80%, FAS reports

BERLIN (Feb 27): Deutsche Bank AG cut its bonus pool for 2016 by almost 80%, Frankfurter Allgemeine Sonntagszeitung reported, a figure unmatched in the bank’s recent history as it tries to counteract the impact of low interest rates and legal expense
Energy

Freepoint pushes Into Asia energy and metals as rivals pull back

NEW YORK (Oct 11): Freepoint Commodities LLC is planning a push into Asia, seeking to hire metals and energy traders from Singapore to Shanghai as it moves into the gap left by rival trading houses and the retreat of big banks.

Barclays private bankers defect before OCBC acquisition

(Oct 6): Standard Chartered Plc has stepped up its hiring from Barclays Plc’s private-banking team in Hong Kong ahead of the transfer of the business to Oversea-Chinese Banking Corp., in a move that underscores the stiff competition for wealth managers

OCBC said to consider sale of stake in United Engineers again

SINGAPORE (Sept 26): Oversea-Chinese Banking Corp. and affiliates are again weighing the sale of their stake in United Engineers, a century-old Singapore property and construction company, according to people with knowledge of the matter.

Barclays said to be cutting about 100 Singapore technology jobs

SINGAPORE (Sept 6): Barclays Plc is cutting about 100 jobs from its information technology operation in Singapore as part of moves to reduce costs, according to people with knowledge of the matter.
Europe bankers see US$2.5 bil of bonuses vanish in stock rout

Europe bankers see US$2.5 bil of bonuses vanish in stock rout

LONDON (Aug 31): Investment bankers at Europe’s biggest securities firms are watching their bonuses melt.
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