markets

Barclays agrees final settlement with Bob Diamond

LONDON — UK bank Barclays has agreed a resignation package with ex-chief executive Bob Diamond where he will forfeit up to 20 million pounds ($31 million) in bonuses and incentives but receive a year’s salary, pension and other benefits worth 2 million pounds.

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Focus on home, not FIIs: Singh

A fter he took charge of the finance ministry, the Prime Minister Dr Manmohan Singh has launched a damage control exercise in right earnest. There has been a slew of announcements intended to revive investor sentiment, reassure foreign investors, boost capital flows, bolster market sentiment and stem the rupee’s slide.

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markets

New rules for $648t derivatives market

Global regulators have launched a consultation with the financial services industry to shape new rules on how much banks should set aside to cover the risk of default on uncleared derivatives deals in the $648 trillion market.

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