Bank Backs Off Monitoring Workers’ Bathroom Breaks
London-based bank Barclays backed away Thursday from a software program that monitored an employee’s productivity – including bathroom breaks – after privacy campaigners described it as “creepy.”
HSBC to Pay $100M to End Libor Rigging Lawsuit
HSBC Holdings Plc has agreed to pay $100 million to end private U.S. litigation accusing it of conspiring to manipulate the Libor benchmark interest rate, becoming the fourth major bank to settle.
Barclays to Pay $2B US Fine Over Mortgage Fraud Claims
Barclays has agreed to pay $2 billion for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between 2005 and 2007, the U.S. Justice Department said on Thursday.
Impact On Banks From Britain’s Vote To Leave The EU
Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country’s planned exit from the European Union.
Connecticut Sells $300M In Bonds In Private Barclays Deal
Connecticut borrowed $300 million through a direct bond placement with Barclays Capital Inc. at the end of June, a deal that a state Treasury official said had been planned for some time and was not related to the state’s budget crisis.
SEC Probes Bankers From Barclays, Morgan Stanley On Puerto Rico Bond Sales
The U.S. Securities and Exchange Commission may take action against bankers from Barclays Plc and Morgan Stanley for their roles in Puerto Rico bond sales, according to filings with the Financial Industry Regulatory Authority.
Fraud Charges Haunt Barclays As Rivals Move On
Barclays is facing 21 regulatory investigations and civil actions mainly in the United States and Britain, its 2016 annual report showed. These include major probes by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC).
