UBS’s second-quarter profit beat forecasts even though it agreed to settle a lawsuit with the U.S. housing regulator over the mis-selling of mortgage-backed bonds, boosting shares in Switzerland’s largest bank to two-year highs. A number of European banks – including Deutsche Bank, Barclays, Credit Suisse, HSBC and Royal Bank of […]
Tag: Barclays
Barclays finance director Lucas, top counsel to retire
Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it. Lucas, aged 52, has been finance director for a tough six years that spanned […]
British bank Barclays agrees to buy ING Direct UK
British bank Barclays on Tuesday agreed to purchase online bank ING Direct UK from its Dutch parent group for an undisclosed amount. “Barclays Bank PLC announces that it has agreed to acquire the deposits, mortgages and business assets of ING Direct UK,” the lender said in a statement. The acquisition […]
