Barclays

Barclays chief executive Antony Jenkins has rejected his bonus package for 2012, saying it would be wrong for him to accept it after a year in which scandal engulfed the bank.

MPs have heavily criticised Barclays' defence of its bonus programme, labelling former CEO Bob Diamond's £2.7m bonus for 2011 as "absolutely extraordinary".

ING Direct is to stop accepting new mortgage applications from Thursday 28 February as part of its takeover by Barclays.

The Financial Services Authority (FSA) has extended its investigation into firms suspected of attempting to manipulate the London inter-bank offered rate (LIBOR) to interdealer broker ICAP, according to a report in the Financial Times (FT).

Barclays has confirmed that it is in the process of training its telephony staff to offer mortgage advice in order to phase out non-advised sales.

Barclays has threatened "substantial" job cuts in its London investment bank, ahead of a review of its operations by new chief executive Antony Jenkins.

More than 100 current and former employees of Barclays have lost their fight for their identities to be concealed in an upcoming court case centred on the alleged rigging of the LIBOR interest rate.

Barclays is at the centre of further scandal after a senior executive quit following revelations he shredded a report which said part of the bank was "out of control".

The scale of the fine due to be levied on the Royal Bank of Scotland (RBS) for its attempts to manipulate the Libor interest rate could be as high as £500m, according to reports.

Global equity markets have eased back from last week's highs despite European financials rallying after regulators softened proposed new rules.