Citigroup ( C ) sues Barclays ( BCS ) to recover nearly $142M related to foreign exchange trading amidst the Lehman bankruptcy. Citi claims Barclays promised to indemnify Citi against any losses from settling trades for Lehman between Sept. 17-19, 2008. Citi says it lost $580M during this period, ... More on Barclays ( BCS ) Q1 earnings : The company missed overall expectations, but profit at its investment banking unit beat estimates thanks to the bank's cost-cutting efforts - which management says remain on track. "The Barclays thesis can't work unless the returns on the investment bank work, ... Barclays ( BCS ) CEO Antony Jenkins reportedly wants the bank to cut almost 30% of its employees over the next ten years as he prioritizes lowering expenses. The only question, Jenkins told a recent shareholders' meeting, is "how can you eventually turn this bank into one that can operate with ... Barclays ( BCS ) needs more board members with banking experience to "challenge effectively the performance of management," according to an internal review ordered in wake of the Libor scandal. Led by stud lawyer Anthony Salz, the review chides the bank's culture as one more focused on profits ... Barclays ( BCS ), HSBC ( HBC ), Lloyds ( LYG ) and RBS ( RBS ) may have to pay small-business customers hundreds of millions of pounds in compensation over the mis-selling of products that were supposed to lower their clients' interest-rate risks. The FSA has ordered the banks to review the sales ... The U.K. investigation into Barclays' ( BCS ) 2008 fundraising from Qatar takes a new turn, with the bank alleged to have lent the Persian Gulf state money to invest in its shares. While the cash-call enabled Barclays to avoid a British government bailout, the loan could have breached market rules ... While the FTSE and the pound dropped after the BOE's statement about the capital shortfall of British banks, Barclays ( BCS ) is +1.5% in London, Lloyds ( LYG ) +2.8% and RBS +0.5% . However, HSBC is -0.2% . Post your comment! Qatar Holding plans to sell £771M of shares in Barclays ( BCS ) through the liquidation of its remaining warrants in the British bank. However, the fund, which said it remains a "supportive strategic investor," will continue to be Barclays' biggest shareholder, with its 6.7% stake staying ... Barclays' ( BCS ) is the subject of yet more damaging revelations, admitting that it mistakenly twice told investors , including in its 2008 annual report, that Abu Dhabi's Sheikh Mansour bin Zayed Al Nahyan was the owner of a £3B stake. At the time of the disclosures, he had already passed the ... Barclays ( BCS ) slides 4.2% premarket as Qatar's unloading of the remainder of its warrants in the bank acquired during the financial crisis triggers a 303M share stock offering at - you guessed it - about a 4% discount to Friday's closing price. Post your comment!