Barclays
Commodity plays and hedges
Barclays Bank is offering a link to 14 commodities and one commodity index which allows investors to take a stake in the rise of the main commodity subsectors while also providing a natural hedge against inflation
Bank monoline exposures creep up in second quarter
Second-quarter results yielded further markdowns at major dealers due to the increasing counterparty risk posed by monoline insurers.
Barclays appoints Jenkins chairman for Middle East
Barclays has appointed Roger Jenkins chairman of investment banking and investment management (IBIM) for the Middle East.
Huey Evans joins Barclays
Gay Huey Evans has been appointed Barclays’ new vice-chairman of investment banking and investment management (IBIM). She takes up this newly created role in mid-April, and will focus on developing and managing relationships with sovereign funds.
UK banks show resilience
London-based Barclays has reported improved earnings for 2007, despite a $3.2 billion (£1.6 billion) net loss due to exposures to US subprime loans.
Lower losses than feared at Barclays
Barclays reported a total of £1.5 billion in write-downs associated with US subprime mortgages between June and October this year, reassuring investors who had feared far higher losses.
BarCap: CDB link will yield commodity opportunities
The £1.5 billion stake taken in Barclays by the state-owned China Development Bank (CDB) will help spur the two banks’ expansion in Chinese commodity derivatives, according to Benoit de Vitry, Barclays Capital’s London-based global head of commodities,…
Barclays Wealth hires India head
Barclays Wealth, the private banking unit of Barclays Bank, has hired Satya Narayan Bansal as its first head of private banking in Mumbai.
Eurex to launch UK equity futures
Frankfurt-based derivatives exchange Eurex plans to list 17 sterling-denominated single-stock futures in May.
BarCap launches options on hedge fund baskets
Barclays Capital has developed a range of new option products based on underlying baskets of hedge funds.
Deutsche Bank hires Gulf head
Deutsche Bank has hired Nicholas Hegarty as head of banking for the Gulf Co-operation Council (GCC) region.
Barclays appoints European FX sales head
Barclays Capital has appointed Richard Longmore as managing director and head of European foreign exchange sales.
Bear Stearns builds up forex presence in Hong Kong and New York
Bear Stearns has made senior appointments in Hong Kong and New York to increase its capabilities in foreign exchange derivatives and servicing hedge fund clients.
Barclays launches managed CCO
Barclays Capital has launched Everest I, a managed version of the collateralised commodity obligation (CCO) structure it has helped pioneer.
BNP hires Citi forex options head
BNP Paribas has hired a number of foreign exchange employees from rivals Citigroup and Barclays Capital, as the French bank continues a drive to increase its presence in the US and Europe.
BarCap takes eFX options trading to the next level
Barclays Capital has become the first dealer to launch live two-way streaming tradable prices for FX options, which will be rolled out to its clients during the coming months on its proprietary platform Barx.
Barclays opens first Chinese branch
Chinese regulators have granted UK bank Barclays a branch license for its Shanghai office. The license allows Barclays, including its investment banking arm Barclays Capital, to provide money market and foreign exchange services, and advise corporate…
A step up the ladder
Following Barclays' acquisition of Absa in July, the South African bank has decided to implement the advanced internal ratings-based approach to Basel II. Other banks have decided to follow suit. By Laurence Neville
BarCap takes over Duke's energy portfolio
Barclays Capital has taken on the energy portfolio of Duke Energy North America through a $700 million novation deal.
Barclays adds cross-currency swaps to Barx
Barclays Capital has added cross-currency basis swaps to its Barx service provided via the Bloomberg electronic trading platform.
Del Missier and Kvalheim named co-presidents of BarCap
Jerry del Missier and Grant Kvalheim have been named co-presidents of Barclays Capital amid wider organisational changes at the UK bank. Both will report to Robert Diamond, president of Barclays.
Barclays appoints Diamond to board
Bob Diamond, one of the architects of Barclays Capital's derivatives business, was formally appointed to the board of the Barclays Group today, and takes on the additional role of group president.
Barclays launches targets smaller trading firms in Hong Kong
Barclays today launched a new unit in Hong Kong to offer tailor-made advice to small trading companies via its wealth management unit.
Barclays launches Barx in Asia
Barclays Capital has launched Barx, its online single-dealer interest rate swaps trading platform, in the Asia-Pacific. The electronic platform will enable the region’s investors to trade US dollar and yen interest rate swaps through their Bloomberg…