Chairman of Barclays PLC (ADR) (NYSE:BCS) Marcus Agius aims to quit after the financial company was fined a record 290 million pounds or $455 million for attempting to rig interest rates, sparking a political protest, as said by a person with knowledge about the matter.
The person, who refused to be identified as the action has not been made public, stated that a report may come as soon as on Friday. Agius has been chairman of Britain’s second-biggest bank by assets since January 2007.
He is the most senior executive to present to quit following investigates by global regulators into whether lenders colluded to control Libor. Barclays CEO Robert Diamond remains under pressure from politicians after United Kingdom and United States supervisory bodies found the lender “systematically” challenged to rig the London and euro interbank presented rates for profit.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) increased +3.03% to settle at $6.80, HSBC Holdings plc (ADR) (NYSE:HBC) moved up +1.01% to end at $44.13 while UBS AG (USA) (NYSE:UBS) surged +4.18% to finish on Friday at $11.71.
Barclays PLC (ADR) (NYSE:BCS) last session volume of 14.15 million shares was higher than its average volume of 5.29 million shares. The stock after opening at $10.64 hit high price of $10.74 and then closed at $10.30 by scoring -4.98%.
The liquidity measure in recent quarter results of the company was recorded on the other side the debt to equity ratio was 16.01 and long-term debt to equity ratio also remained 0.45. The Company had total cash at hand $1.57T and a book value per share as $28.64 in the most recent quarter.
The stock price volatility was 4.16% for a week and 3.43% for a month as well as price volatility’s Average True Range for 14 days was 0.57 and its beta remained 2.60.
BCS generated revenue of 32.34 billion in the following twelve months and earned $4.72 billion. The Company showed a negative 12.25% in the net profit margin and as well as in its operating margin which remained 18.22%. Company’s annual sales growth for the past five year was -1.14%.
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