Rich Ricci

Rich Ricci News

  • Barclays Said to Name Bommensath to Oversee ‘Bad Bank’

    Barclays Plc is planning to move its commodities division into a so-called bad bank of unwanted assets and units to be overseen by Eric Bommensath, according to a person familiar with the plan.

  • Del Missier Called Libor Rates ‘Fantasy’ in Diamond E-Mail

    Ex-Barclays Plc Chief Executive Officer Bob Diamond received an e-mail in 2007 describing Libor rates as a “fantasy,” according to documents in the first U.K. lawsuit over manipulation of the benchmark.

  • 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.

  • 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 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 Awards $53 Million in Bonuses, Led by Skip McGee

    Barclays Plc, the U.K.’s second- largest bank by assets, paid 12 senior executives about 31.8 million pounds ($53 million) in stock, led by Americas chief Hugh “Skip” McGee.

  • 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’ 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.

  • Barclays Says Diamond, Ricci, Del Missier, Lucas to Forgo Bonus

    Barclays Plc, the U.K.’s second- largest bank by assets, said Finance Director Chris Lucas, Chief Operating Officer Jerry Del Missier, Chief Executive Officer Robert Diamond and Rich Ricci, head of the lender’s investment banking unit, will forgo their annual bonuses this year.

  • Rajaratnam, BP, Kaupthing, Integrity, AKO, Barclays, Teva in Court News

    Galleon Group LLC co-founder Raj Rajaratnam, facing insider-trading charges, asked a judge to throw out government wiretaps of 2,400 of his conversations and evidence prosecutors gathered after listening to them.

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