Barclays sants fsa
Barclays’ Hector Sants has taken three months’ leave because of stress.
Barclays’ Hector Sants has taken three months’ leave because of stress.
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The Abu Dhabi sheik that provided rescue capital for Barclays at the peak of the financial crisis has sold his stake in the bank at a considerable profit in a reflection of the bank’s recovery.
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Christina Sinclair, acting director of retail at the FCA is leaving the regulator to take on a new compliance role at Barclays.
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S&P has downgraded Barclays, Credit Suisse and Deutsche Bank from A plus to A in a reflection of growing concerns over the future of investment banking in Europe.
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A number of high profile team members have left regional Barclays offices following a management restructure designed to capitalise on opportunities outside London.
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Barclays first quarter profits have been hit by its restructuring programme, falling 25% to £1.8bn.
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Rich Ricci is retiring from Barclays, along with colleague Tom Kalaris, after being ousted from his role as head of investment banking during a strategic review.
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Barclays and Legal & General have joined forces to launch the Defined Return Plan 1, the first in a series of collaborative investment products to be released by the two firms.
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The FSA was too narrowly focused in its handling of Libor related information and the information should have been better managed, its Internal Audit Report on inappropriate Libor submissions concluded.
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Hector Sants was head of the FSA from 2007; he announced his resignation in March 2010 before being persuaded to stay on by Chancellor George Osborne; he quit in June 2012; in 2013's New Year's Honours List he was knighted for services to financial services and regulation.
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Hector Sants’ decision to join Barclays marks his return to the world of banking and further highlights the bank’s public commitment to “becoming a source for good”.
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Former FSA chief executive Hector Sants is to join Barclays as the bank’s new head of compliance.
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