Tag: Barclays PLC (LON:BARC)

January 15, 2018 BY Valentina Kirilova

Barclays trader outlines use of Last Look FX and Toxic Clients

Barclays Plc (LON:BARC) has fired managing director David Fotheringhame after an order from the Department of Financial Services (New York regulator) two years ago, Bloomberg reported.  Fotheringhame was sacked after a $150 million settlement between Barclays and the New York’s banking regulator. The agency had told the bank in 2015 to “take all steps necessary”…

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FX settlement
November 20, 2017 BY LeapRate Staff

UBS, RBS, JPMorgan, Citi, Barclays, HSBC heading towards EU settlement for FX rate rigging cartel

The Financial Times is reporting that several of the world's leading banks are heading towards final negotiations on a financial settlement (read:fines) with the European Commission, following a more than four year long probe into allegations they formed a cartel to rig the $5 trillion global FX market. The FT named UBS, RBS, JPMorgan, Citigroup, Barclays,…

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November 14, 2016 BY LeapRate Staff

Cürex Group adds Ron Papka and Justin Brill as Managing Directors

Institutional FX execution services and data analytics company Cürex Group announced today two senior hirings to its management ranks. Ron Papka (pictured above) has been named a Managing Director focusing on the development of data analytics and trading tools. Justin Brill has also joined Cürex as a Managing Director, focusing on business development. Cürex Group also recently…

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July 06, 2016 BY LeapRate Staff

CFTC fines Barclays $560,000 for submitting inaccurate Large trader reports

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Barclays Bank PLC, a unit of Barclays PLC (LON:BARC), for failing to submit accurate large trader reports (LTRs) for physical commodity swap positions, in violation of Section 4s(f) of the Commodity Exchange Act (CEA) and CFTC Regulations 20.4,…

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April 19, 2016 BY Maria Nikolova

Barclays' team demonstrates application using R3’s Corda distributed ledger platform

Yesterday saw 11 teams showcase their innovative tech proposals at a Demo Day concluding the third London cohort of the Barclays Accelerator, the program which seeks to bolster fintech start-ups. This time, the Barclays Accelerator also included an internal Barclays PLC (LON:BARC) team, Smart Contract Templates. The Barclays internal team produced a blockchain-inspired prototype that…

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April 06, 2016 BY Maria Nikolova

Barclays and Barclaycard introduce Apple Pay to their UK customers

Less than a year after LeapRate reported about Apple Pay entering the UK market, Barclays PLC (LON:BARC) and Barclaycard announced the availability of the service to their UK clients. Effective April 5, 2016, clients of Barclays and Barclaycard can use Apple Pay to pay at the hundreds of thousands of locations across the UK that accept…

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December 29, 2015 BY Maria Nikolova

Dubai regulator warns against fraudsters claiming to work at Barclays

The Dubai Financial Services Authority (DFSA) today published a warning regarding an online scam involving abuse of the name of the DFSA’s Chief Executive and fraudulent impersonation of employees of Barclays Bank PLC UAE. The case is defined as an advance fee scam, with fraudsters sending e-mails to apparent customers of Barclays telling them to…

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