Barclays has reportedly ‘kicked around’ the idea of merging with Standard Chartered

FT: Barclays board has considered the possibility of a merger with Standard Chartered. The possible deal is one plan being considered to ward off activist investor Edward Bramson, who has built a 5.4% stake in Barclays. Neither side has issued statements to shareholders, suggesting no serious talks have taken place. LONDON — Barclays has considered the possibility of merging with Standard Chartered Bank, according to a report in the Financial Times. The FT report on Wednesday sites sources close to the talks, saying senior board members at Barclays are considering a StanChart tie-up as part of a wide range of possible contingency plans to ward off an activist investor who… Read More

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The Bank of England is once again at war with pro-Brexit politicians

Foreign Secretary Boris Johnson takes aim at Bank of England Governor Mark Carney. Johnson questions claims from Carney that the Brexit vote has already cost Brits £900 per household. It is not the first time Carney has clashed with pro-Brexit politicians. LONDON — Foreign Secretary Boris Johnson set himself on a collision course with the Bank of England on Tuesday, after calling into question claims made by Governor Mark Carney. The comments came after the governor told a parliamentary committee that voting for Brexit lowered the household incomes of regular Brits, and has already caused economic damage. Discussing why economic forecasts have been wide of the mark in recent years,… Read More

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Vegas casino workers OK strike that may hobble famed resorts

By REGINA GARCIA CANO | The Associated Press LAS VEGAS (AP) — Las Vegas casinos could watch tens of thousands of employees walk off the job for the first time in more than three decades after union members voted Tuesday to authorize a strike at any time starting June 1, a move that could cripple the city’s world-famous resorts. About 25,000 members of the Culinary Union who work at 34 different casino-resorts across the tourist destination cast ballots in two sessions, showing the collective power of the largest labor organization in Nevada. The move hands union negotiators a huge bargaining chip as they work to solidify new five-year contracts. The… Read More

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