Rich Ricci

Rich Ricci News

  • Barclays Reaps Benefit of Diamond’s Purchase of Lehman in U.S.

    Barclays Plc is reaping the benefit of ex-Chief Executive Officer Robert Diamond’s decision to buy Lehman Brothers Holdings Inc.’s North American unit, as the division helped to push equities revenue up 19 percent.

  • Barclays Posts Bigger-Than-Estimated Investment Banking Profit

    Barclays Plc, the first U.K. bank to report first-quarter results, posted a bigger-than-estimated gain in investment banking profit and said it’s on track to meet its target for cost cuts. The shares advanced.

  • Barclays May Follow U.S. Peers in Higher Investment Bank Profit

    Barclays Plc, the first U.K. lender to report first-quarter results, may report a rise in profit at its investment bank, helped by gains in the U.S. as Europe’s sovereign debt crisis crimps income from the region.

  • Barclays Names Starwood Hotels CEO Among Non-Executive Directors

    Barclays Plc appointed two non- executive directors to bolster oversight at the lender as Chief Executive Officer Antony Jenkins seeks to improve profitability and regain the confidence of investors and the British public.

  • Barclays’s Ricci, Kalaris Stepping Down After Diamond Exit

    Barclays Plc’s investment-banking chief Rich Ricci and wealth-management head Tom Kalaris, two of the last remaining members of former Chief Executive Officer Robert Diamond’s management team, will step down.

  • Barclays Pays Managers $61 Million in Bonuses After Libor

    Barclays Plc, the U.K.’s second- largest bank by assets, paid nine senior executives 40.3 million pounds ($61 million) in bonuses, less than a year after the bank was fined for manipulating benchmark interest rates.

  • Diamond Parries Attacks on Pay With Vow to Earn Public Trust

    As 1,100 managing directors from Barclays Capital descended on the Grosvenor House hotel near London’s Hyde Park in late September, they had more to celebrate than having successfully swallowed the North American unit of Lehman Brothers Holdings Inc. two years earlier. Their guy, Bob Diamond , the Massachusetts-born founder of Barclays Capital, had just been handed the top job at parent Barclays Plc in a sign of how he had transformed the 320-year-old British institution in his 14 years as investment bank chief, Bloomberg Markets magazine reports in its January issue.

  • Barclays Combines Securities Businesses in Overhaul

    Barclays Plc’s investment banking chief, Rich Ricci, will combine part of its fixed income and equities operations in his first overhaul since taking sole control of the operation in June.

  • Barclays Protected Itself in Lehman Brokerage Deal, Bank Executive Says

    Barclays Plc protected itself when it bought Lehman Brothers Holdings Inc. ’s defunct brokerage by focusing on the “maximum exposure” it was taking on in the falling markets of September 2008, a bank executive said.

  • Barclays’ Ricci Won’t Replace Diamond, Telegraph Reports

    Rich Ricci, the head of Barclays Plc’s investment bank, won’t seek to replace Robert Diamond as the bank’s chief executive officer, the Sunday Telegraph reported, citing people it didn’t identify.

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