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For anyone unfamiliar with Barclays, it’s a British bank and financial services company based out of London. Barclays is also a household name in the financial world, dabbling in retail, wholesale, and investment banking, along with wealth management, mortgages, and credit cards. Basically, Barclays does everything. And now the financial titan is coming under some serious heat for the actions of former executives who are facing fraud charges relating to Qatari investors back in 2008. And while Barclays may only be responsible for a fine from that, there’s a lot more problems for the British bank to deal with.
Read The Capitalist’s Take Here
Read More at Reuters Here
Read More at CNN Money Here
U.S. OIL PLUNGES; HITS 9 MONTH LOW AS OIL ENTERS BEARISH TERRITORY
Oil on Tuesday marked its lowest finish since August, with prices sinking into bear-market territory as investors remained concerned that rising output from the U.S. and Libya will offset OPEC-led production cuts.
Meanwhile, natural-gas prices got a modest boost as traders eye two tropical storms that have formed in the Atlantic.
July West Texas Intermediate crude CLN7, -1.95% declined by 97 cents, or 2.2%, to settle at $43.23 a barrel on the New York Mercantile Exchange on the contract’s expiration day. That was the lowest front-month contract finish since Sept. 16, according to data from Dow Jones.
Read More at MarketWatch Here
Read More at Investor’s Business Daily Here
Read More at CNBC Here
MNUCHIN PROMISES ‘MASSIVE’ TAX REFORM — THIS YEAR
Treasury Secretary Steven Mnuchin said Tuesday he's confident a “massive” tax bill will work its way through Capitol Hill by year's end – just hours before House Speaker Paul Ryan is set to make a “major” tax announcement.
“The speaker, myself, the senate leadership, we are all 100 percent committed to getting it done this year. It's critical to the economy,” Mnuchin told CNBC's “Squawk Box” Tuesday morning. “We are meeting weekly, and we could not be more focused on getting this done.”
Read More at US News & World Report Here
Read More at The Hill Here
Read More at CNBC Here
Closing Bell
– Tuesday, June 20th
Markets Plunge DOWN as Crude Hits 9 Month Low
Big Insider Trades
– Moody’s Corp. (MCO) CFO Linda Huber Sells $1.2m
– The Williams Companies, Inc. (WMB) Director Stephen Bergstrom Buys $500k
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