Hedge fund of investor who inspired The Big Short takes position on Barclays

Neuberger Berman bet worth £348,000 adds to positions against Lloyds and RBSThe American hedge fund of the investor immortalised in the Oscar-winning Hollywood film The Big Short has made a bet that the share price of the British bank Barclays will fal…

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John McDonnell backs Momentum on Barclays protest

Campaign group to take direct action outside bank’s branches in protest at fossil fuel fundingJohn McDonnell has called on Labour members to join Momentum on its first direct action campaign, as a senior organiser for the group called it a move from pa…

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Barclays funds climate breakdown. We are determined to make it stop | Seema Syeda

The bank is a huge backer of the fossil fuel industry and attendant climate catastrophe. Direct action is vitalFrom Cyclone Idai, which has killed hundreds in south-east Africa, to flooding in Bangladesh – where my family is from – for decades climate …

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UK bankers on standby as City readies no-deal contingency plans

JP Morgan and Goldman Sachs poised to move staff to EU offices by 29 MarchHundreds of UK bankers at JP Morgan and dozens from Goldman Sachs are on standby for relocation to EU offices by 29 March, regardless of Parliament’s vote to delay Brexit.The exo…

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UK banks hit daily by IT failures halting payments, says Which?

Six of the biggest British banks found to suffer at least one major glitch every two weeksBritish banks are being hit by IT or security failures that prevent customers from making payments at an average rate of more than once a day, according to Which?…

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