Barclays says the New York Attorney General’s suit against Barclays for how it marketed and ran its off-exchange stock trading venue “fails to identify any fraud” and ignores that Barclays customers are “highly sophisticated traders and asset managers responsible for investing millions or billions of dollars of assets.”
The bank is in 12th place for trade volume in its off-exchange venue according to data released today. Before the suit, it was second.
The New York State Attorney General’s lawsuit alleges Barclays mislead clients about protecting their dark high-frequency traders and “disproportionally” routed clients’ trades through its dark pools.
AT&T’s interest in DirecTV is less about strategic fit and more about gaining access to the satellite operator’s massive cash flow.
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The bank failed to properly record millions of emails, instant messages, and trading records for 10 years.
How instant messaging made market manipulation way too easy.
Seven MPs say the bank’s leadership should stop fundraising activities for Romney and “concentrate entirely on repairing confidence and trust in the banking system instead.” LIBOR scandal aftermath hits Romney.