Barclays Share Discussion Threads

[johnwise] 12/4/2017 07:47

Barclays hampered by SA's upheaval

London – Barclays plans to sell its African business and pull out of the continent are being hindered by South Africa’s political upheaval and credit-rating downgrades, according to banking sources and fund managers.

The pool of potential buyers to which Barclays can sell shares in its African business is also shrinking, according to bankers, because the mandates of some institutional investors, including some pension funds, do not allow them to hold an asset that’s sliding on credit ratings.

[johnwise] 12/4/2017 07:22

Around £2 million a day is being lost to banking fraudsters, latest figures show. While all banks are being targeted, Money Mail has seen a surge in complaints about the way Santander treats victims.

[smurfy2001] 11/4/2017 22:54

Barclays is ripe for a takeover or a break-up

[clond] 11/4/2017 13:00

Long way from 240p

[bernie37] 11/4/2017 11:34

Shore Capital meanwhile has backed Staley, arguing that it was in the best interests of the bank’s shareholders if he stayed in his position, given Barclays’ ‘excellentR17; progress under his leadership.
“To remove Staley from his role at this juncture would be damaging to further operational progress, with an improvement in return on equity now the key area of focus,” the broker’s analyst Gary Greenwood noted, as quoted by Citywire.

[davew28] 11/4/2017 11:04

bernie,

I agree that the board will want him to stay. Just depends on the FCA. Hopefully just a wrap on the knuckles will suffice

[bernie37] 11/4/2017 11:01

Don't panic,Jes is staying, He has done a lot of good work.And the board reconise that.

[a2584728] 11/4/2017 10:43

I suspect that Diamond may get his collar felt however he is long gone and that should leave Barclays clear, I don't think the FSA will be back for another go after this length of time.

[smurfy2001] 11/4/2017 10:04

Panorama a real eye opener so it lead all the way up yet the grunts are the ones arrested. Typical.

[mbmiah] 11/4/2017 08:57

Thanks nakedtraiter....juicy gossip indeed.

[spoole5] 11/4/2017 08:17

How many headwinds in BARC now facing, now potential CEO replacement. The share price will have a 1 at the start by the end of the month.

[diku] 11/4/2017 08:09

Is there a golden goodbye coming for the CEO?...

[johnwise] 11/4/2017 06:22

ALEX BRUMMER: Griffith-Jones must quit as FCA chair as regulator probes Barclays and Lloyds scandals

[johnwise] 11/4/2017 06:01

Watchdogs probe whistleblower

The bank’s share price is affected, its reputation further eroded in the public’s mind; the FCA, forced into action, levies a punitive fine. The chief executive, whatever his other qualities, is forced out by a board anxious to ditch a now toxic asset.

[diku] 10/4/2017 23:12

One rule for the top & a different rule for the lower down!...

[montyhedge] 10/4/2017 20:53

Panorama tonight, could be trouble.

[nakedtraitor] 10/4/2017 20:28

I think a case like this completely undermines the credibility of the whistleblower process. Who in their right mind would be confortable now to bring up issues using this route? FSA would be mad not to demand Staley to get the boot.

[nakedtraitor] 10/4/2017 20:24

mbmiah, letter claimed that a very senior executive (whom Staley worked with in the past) has had "medical issues" (I think that means problems with alcohol or drugs).
I wonder what motives Staley had to try and find the author of the letter... obviously not take revenge.

[ayl30] 10/4/2017 12:45

Useless Barclays. Wanted to transfer money from share acc to existing ISA, having trawled through the 'how to' on their website eventually came to a bit that said I had to phone them and it could take 2 days to complete. What quill pen world do they live in, with Nationwide you can flick money around various acts but Barclays are too busy chasing whistleblowers to worry about customer service issues

[franceys] 10/4/2017 11:32

Quite correct Semper Vigilans post 121708 (great moniker by the way): this as many in The City have known for a long while was almost certainly a directive* from No. 10 when Brown was having panic attacks about the economy/banks. As rumour had it, it came via top civil servant there and with the poor old Paul Tucker left to handle this (criminal?) directive. If there were any real solid justice left in the UK then everyone from the former PM, his Cabinet Secretary and all Barclays's directors at the time should now be answering questions under caution. The defence of "we were only obeying orders guv" of course went out with the Nuremberg trials.

Don't hold your collective breath though as all the actions by the FCA/FSA heavy brigade have only come down on the little and intermediate men and given them a right pulping until that is the last case that was thrown out by the jury.

* Quote "we've had some very serious pressure from the UK government.."

[mbmiah] 10/4/2017 10:40

What did the letter say i wonder?

[portside1] 10/4/2017 08:45

its common knowledge who wrote the letter he was bragging about it

[semper vigilans] 10/4/2017 07:45

Gordon Brown et al.?