Barclays Capital News

SINGAPORE: After six years building on its stature as "Asia's Major", Singapore's top golf championship will head into its seventh edition from Nov 8-11 for the final time as the Barclays Singapore Open.

Barclays boss Bob Diamond clearly thinks his bank was the victim of a political mugging when it was identified in its 'highly abusive' manoeuvre to avoid 500m of tax earlier this year.

The U.K. government's decision to retrospectively order Barclays PLC to close down two tax loopholes and pay an estimated GBP500 million earlier this year was "completely unwarranted" and caused unnecessary damage to the bank's reputation, Chief Executive Bob Diamond said in a letter to the Treasury Select Committee that was released Monday.

Barclays has criticised the government for accusing it of using schemes that were intended to avoid substantial amounts of tax.

HE IS a notoriously private but fabulously well-rewarded banker, who represented Scotland as a sprinter at the Commonwealth Games, but has since retreated into the secretive world of advising the super-rich on international tax liability.

How could it not, when the bank has been at the epicentre of controversy over his 5.75million 'tax equalisation' payment? Then there is the small matter of Barclays' run-in with Her Majesty's Revenue & Customs over its 'aggressive avoidance' of 500million in tax.

Barclays boss Bob Diamond was surely showing off another mouthful of his pearly whites after Monday's announcement, and Wednesday's completion of the sale of the bank's $6.1bn stake in US fund manager BlackRock.

The impact of high-yield ETFs on volatility has been brought sharply into focus after the two largest weeks of ETF outflows ever measured led to dramatic drops in the market.

's stock had its "equalweight" rating reiterated by investment analysts at Barclays Capital in a note issued to investors on Friday.

's stock had its "equal weight" rating restated by equities researchers at Barclays Capital in a report issued on Friday.

Facebook's stock price slipped again on Friday, down more than 15% from the price of its initial public offering one week ago -- a market debut that infuriated investors and prompted a lawsuit.

Lehman Brothers Holdings Inc said it has bought the remaining 26.5 percent of apartment company Archstone from Barclays Capital and Bank of America Corp for $1.58 billion.

Jobs Commodities Automobiles Insurance Real Estate Travel & Tourism Health & Pharma Lifestyle Media Power Telecom Infotech Retail Infrastructure Editor's Picks : * Rupee vs the US dollar is expected to hover around 56 and 54 to a dollar in one and three months respectively, with an upside risk, before retreating only modestly to around 52 and 51 in ... (more)

Auto sales may jump as much 30 percent in May as lower gas prices bring more truck buyers to showrooms, auto analysts said Thursday.

's stock had its "overweight" rating restated by analysts at Barclays Capital in a research report issued to clients and investors on Thursday.

's stock had its "equalweight" rating reaffirmed by research analysts at Barclays Capital in a report released on Thursday.

As government spending cuts bite in Britain, some of London's poorest residents wonder why they're the ones feeling the pain.

Barclays Bank is the latest bank to hunt for lobbying consultancy to help it manoeuvre in the fast-moving European legislative environment.

Bank of America will repurchase some $330 million of home loans from Freddie Mac , subsequent to the discovery of flaws in the loans' creation process.

A former senior banker who founded a company that is accused of unlicensed moneylending argued in court yesterday that no other common law jurisdiction categorised its cash-advance product as a loan.