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>> BARCLAYS Latest News

FEB 15, 2013 - Business Insider

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Barclays Has Agreed To Stop Speculating On Food Prices (BARC)

British megabank Barclays has agreed to stop speculating on food prices, according to the World Development Movement (via New Yorker's Rebecca Mead) — though it remains unclear whether it will stop offering such contracts to customers. CEO Antony Jenkins said the practice was “not compatible with our purpose”. The practice has been criticized for driving up the price of foodstuffs. The WDM says  The bank made up to an estimated £500 million from speculating on food in 2010 and 2011. The bank is undergoing a full blown transformation. According to ... Read More

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