Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Barclays PLC    BARC   GB0031348658

Delayed Quote. Delayed  - 09/23 05:35:06 pm
171.4 GBp   -1.04%
09/24 RYDER CUP '16 : Capsules of the American players at Hazeltine
09/23 BARCLAYS : Form 8 (DD) - ANHEUSER-BUSCH INBEV SA/NV
09/23 CK Infrastructure Plans to Buy National Grid's Gas Assets
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Barclays PLC : Saudi Arabia says not aware of Barclays probe

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2012 | 05:29pm CEST

Saudi Arabia's market regulator said it was not aware of any investigation into a license it granted British bank Barclays three years ago, after a report that U.S. authorities are probing whether improper payments were made.

The Department of Justice (DoJ) is investigating whether Barclays made any improper payment to win a banking license in Saudi Arabia to operate a wealth-management arm and investment bank, the Financial Times reported on Saturday, citing people familiar with the investigation.

Barclays, which has had a torrid five months after being given a record fine by U.S. and UK regulators for rigging Libor interest rates and is under investigation on several other issues, declined to comment.

It said on October 31 the DoJ and U.S. Securities and Exchange Commission were probing whether the bank was complying with U.S. laws in its relationships with third parties who help it win or retain business, but declined to say where or what businesses this involved.

The DoJ declined to comment.

Barclays was licensed to start business in Saudi Arabia in August 2009 and given final approval to start securities trading in May 2010 after the Saudi Capital Markets Authority (CMA) said it verified the bank had met all the requirements.

"CMA is not aware of any investigations and never received any inquiries from regulatory bodies or anyone else in this regard," the regulator said in a statement on Saturday.

It said since the establishment of CMA in 2005 no reservations or observations from anyone had been raised regarding the procedures for granting licenses.

The FT said the investigation is at an early stage and is looking into whether payments may have contravened the U.S. Foreign Corrupt Practices Act.

Britain's Serious Fraud Office (SFO) and Financial Services Authority are scrutinizing payments made by Barclays to Qatar as part of a 2008 fundraising. [ID:nL6E8JTKKV] The bank is still under scrutiny regarding its manipulation of Libor and also on October 31 said it faced a $435 million fine from U.S. regulators for inappropriate trading in power markets.

The Libor scandal sparked criticism the bank took too many risks and the resignation of Chief Executive Bob Diamond and Chairman Marcus Agius, and new CEO Antony Jenkins and Chairman David Walker say they are determined to change the bank's culture and stop doing any business that could harm its reputation.

Britain's SFO also declined to comment.

(Reporting by Asma Alshariff; Additional reporting by Steve Slater in London and Aruna Viswanatha in Washington, D.C.; Editing by Toby Chopra)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BARCLAYS PLC
09/24 RYDER CUP '16 : Capsules of the American players at Hazeltine
09/23 BARCLAYS : Form 8 (DD) - ANHEUSER-BUSCH INBEV SA/NV
09/23 CK Infrastructure Plans to Buy National Grid's Gas Assets
09/23 BARCLAYS : Form 8.5 (EPT/NON-RI)- DEUTSCHE BOERSE AG
09/23 BARCLAYS : To Pay Fine Over Commodity Trading Recordkeeping Violations
09/23DJDeutsche Bank Reshuffles U.S. Investment-Banking Leaders
09/23 EQUITY : Banking stocks continue sell-off as rate cap weighs on sentiment
09/22 BARCLAYS : Form 8.5 - SABMILLER PLC
09/22 BARCLAYS : Form 8.5 (EPT/NON-RI)- LONDON STOCK EXCHANGE GROUP
09/22 BARCLAYS : Form 8.5 - PREMIER FARNELL PLC
More news
Sector news : Banks - NEC
09/24DJWELLS FARGO : Taps Adviser on Pay -- WSJ
09/23DJWELLS FARGO : Taps Shearman & Sterling to Advise on Executive Compensation Issue..
09/23DJFed Targets Big Bank Commodity Lines
09/23 FTSE records best week in three months
09/23DJFed Proposes Limits on Bank Commodity Trading -- Update
More sector news : Banks - NEC
News from SeekingAlpha
09/21 BANK DERIVATIVES DEALING : The Big Banks Cry Wolf
09/20 DEUTSCHE BANK : Buy The Dip?
09/20 Ignore The Fed, Avoid The News And Focus On Market Leadership
09/14 Are Lloyds And Barclays Too Big To Fail?
09/12 Google Battles Diabetes
Advertisement
Financials ( GBP)
Sales 2016 19 800 M
EBIT 2016 5 066 M
Net income 2016 1 033 M
Debt 2016 -
Yield 2016 1,75%
P/E ratio 2016 24,30
P/E ratio 2017 12,70
Capi. / Sales 2016 1,47x
Capi. / Sales 2017 1,41x
Capitalization 29 038 M
More Financials
Chart BARCLAYS PLC
Duration : Period :
Barclays PLC Technical Analysis Chart | BARC | GB0031348658 | 4-Traders
Full-screen chart
Technical analysis trends BARCLAYS PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 1,86  GBP
Spread / Average Target 8,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
James Edward Staley Chief Executive Officer & Director
John McFarlane Non-Executive Chairman
Paul H. Compton Group Chief Operating Officer
Tushar Morzaria Group Finance Director & Executive Director
Reuben Jeffery Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BARCLAYS PLC-21.70%37 643
JPMORGAN CHASE & CO.1.85%242 906
INDUSTRIAL AND COML BA..-3.06%234 074
WELLS FARGO & CO-15.86%230 783
CHINA CONSTRUCTION BAN..-9.52%191 203
BANK OF AMERICA CORP-7.78%158 378
More Results