The US Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis.
GIB Emerging Markets Opportunities Fund, the flagship hedge fund of GIB (UK), has appointed Barclays Bank to provide additional prime brokerage services to the fund.
GIB UK is a subsidiary of Bahrain-based Gulf International Bank
Britain's anti-fraud agency has asked former Barclays executives to give evidence as part of an investigation into undisclosed payments the bank made to Qatari investors in 2008, the Financial Times reported, citing sources.
Barclays is launching a finger scanner for corporate clients and will roll out voice recognition for millions of retail clients next year as it steps up use of biometric recognition technology to combat banking fraud.
Abu Dhabi Islamic Bank (ADIB) said it has formally completed the purchase of Barclays’ UAE retail banking business from the British lender.
As per the new deal, ADIB and Barclays will now work closely to ensure the seamless
Barclays has appointed Jeroen Reyes Stolker as head of Trade & Working Capital for the Middle East region.
Reporting to Baihas Baghdadi, managing director, head of Trade & Working Capital International at Barclays, Stolker
British lender Barclays has named Makram Azar as its chairman for the Middle East and North Africa, a spokesman for the bank confirmed on Sunday.
Azar, who is also global vice chairman of investment banking, has been with Barclays
Barclays has been fined £26 million ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just a day after the bank was fined for rigging Libor interest rates in 2012.
Abu Dhabi Islamic Bank (ADIB) has received regulatory approval from the United Arab Emirates central bank for its purchase of Barclays' retail operations in the country, its chief executive said on Tuesday.
The UK fraud office stepped up its probe into British bank Barclays' dealings with Qatar, the Financial Times has reported.
Officials at Barclays were not immediately available for comment Sunday afternoon.