Barclays to put a U.S. banker on its Board

Article Abstract:

Barclays PLC of the United Kingdom is expected to appoint Bob Diamond to the Board of Directors. Mr. Diamond is an executive with the banking giant who turned the investment banking unit into gold by doubling its pretax profit between 2000 and 2004. Barclays PLC posted a 20 percent increase in net profit of 3.31 billion Pounds in 2004 from 2.77 billion Pounds in 2003.

United Kingdom, Sales, profits & dividends, Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Company sales and earnings, Company earnings/profit, Barclays PLC, Company Profile, Diamond, Bob

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Latest cash infusion may calm Europe's banks

Article Abstract:

The European Central Bank released 75 bil euros to money markets in three-month credit, the second time the bank has introduced longer-term funding in almost three weeks. It is expected the move will discourage banks from stockpiling cash and reducing lending.

Europe, Government expenditures, Financial management, Management dynamics, Management, Finance, Economic policy, Monetary policy, Company business management, European Union. European Central Bank, Credit market, Credit markets, Company financing

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