Barclays Leaks Cause Concern As Bank CEO Refuses Bonus

Mark Melin

Published onFebruary 10, 2014

Updated on May 13, 2021

Barclays PLC (NYSE:BCS) (LON:BARC), the large U.K. bank, is apparently having problems with data security. First came news that the island nation’s second-largest bank by assets is investigating the theft of data from 27,000 customers. Then, Barclays announced lower than anticipated profits one day early, as the news may have been leaked to the Financial Times one day prior to the scheduled news release, according to an Investec research note. The FT claims the information was based on a Morgan Stanley estimate released last Thursday.

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Profit decline

Barclays PLC (NYSE:BCS)...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Barclays Leaks Cause Concern As Bank CEO Refuses Bonus

Profit decline

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