Barclays Share Discussion Threads

[samartin] 21/4/2015 16:02

Markets upFinancials upAnd as per normal barclays ......... Down.....why today?

[johnwise] 21/4/2015 02:08

Greece orders raid on government coffers as cash dwindles

The Greek government has ordered a mandatory transfer of cash reserves from state-owned enterprises to its central bank, in a desperate bid to gather enough cash to remain solvent.

[johnwise] 21/4/2015 02:01

Payday lenders are on their way out and with them, reckless attitudes towards money .

ALEX BRUMMER: Fair deals needed for payday lender users

[johnwise] 20/4/2015 13:59

"Let's set aside the propaganda for a moment and get real: anyone with the slightest knowledge of Greek finances and the power structure of the Greek economy/society knew it was insanely risky to loan Greece billions of euros. No one can deny this, yet somehow the lenders deserve to be paid for their avarice, stupidity, incompetence and total disregard for the standards of prudent lending? No, they deserve to be destroyed--closed down and their assets auctioned off.

Here's the thing about Greece issuing its own fiat currency--it will force fiscal discipline in a way that the euro did not and could not. This is why the Greek Status Quo is quivering with fear--the gravy train of irresponsibility enabled by the euro is ending, and they are terrified of living within their means and having to face the discipline that the market will impose on the Greek fiat currency.

If there's one thing Greece needs more than anything, it's the discipline and the rewards of the market. Any nation that issues its own fiat currency has a choice: it can exercise fiscal prudence and enforce policies that reward entrepreneurism, prudent lending, savings, wise investments, fair taxation, etc., or it can try to prop up its bloated, corrupt kleptocracy by printing rivers of fiat money.

If it chooses the Dark Side and prints money in excess, it will soon drive the value of that currency to near-zero. The kleptocracy that hoped to benefit from money-printing is impoverished or forced to move their capital elsewhere.

In other words, Greece returning to being responsible for its own currency is a good thing. The new currency will be valued cheaply relative to other currencies at first, and this is also a good thing, as imports will be unaffordable for all but the wealthy (kiss BMW sales in Greece good-bye) and everything produced in Greece becomes a bargain globally.

This will attract capital seeking places where it can make a profit and is treated fairly, and it will enable Greece to rebuild its export sector and boost its substantial tourist trade.

The promise that marginal borrowers would be transformed into sterling-credit borrowers by adopting the euro was always a fantasy--and a painfully visible fantasy at that. Anyone with their eyes even partially open could see that the vast differences in productivity, credit, risk and culture between the eurozone nations made the euro unworkable from the start.

It was equally visible that the eurozone's inept policies and loose lending standards would obscure these fundamental differences until the damage would be too great to hide--which is exactly what transpired.

The hundreds of billions of euros in so-called bailouts did not help Greece--all they did was bail out imprudent lenders and Euroland Elites. Virtually none of these vast sums helped the Greek nation or its people; what little did stay in Greece flowed to the kleptocrats that continued to rule Greece."

[johnwise] 20/4/2015 13:09

The Euro Farce Continues:

Euro central banks lent 110 bn euros to Greek banks: report

Concern is mounting that Greece, which urgently needs new financing to pay salaries at the end of the month and its creditors, could default on its huge debt and potentially exit the single currency bloc.

[portside1] 20/4/2015 12:11

blair and bush to blame hey killed better people than them selves they are the war crimes

[johnwise] 20/4/2015 09:23

Barclays MD Steven Boggiano jumps ship

[johnwise] 20/4/2015 07:08

Barclays, KPMG and the Financial Conduct Authority will appear in court this week to respond to claims that the compensation given to victims of mis-sold interest rate hedging products has been unfair.

[waldron] 19/4/2015 14:53

But it might induce people to buy more Lloyds

instead of BARC

over time

take care and enjoy your week

[smurfy2001] 19/4/2015 14:01

Max of £10K allowed isn't going to make you allot of money in the short term.

[johnwise] 18/4/2015 11:07

Is Barclays the most Arrogant Bank in The World ?


"Barclays closed down my bank account after Bitcoin trade"


Barclays closed down student’s account after his dealings in Bitcoin, the digital currency

Charles Bartlett, a 17-year-old student and aspiring entrepreneur, is still waiting for an explanation after being “sacked” by his bank earlier this year.

Unfortunately, his is not an isolated case. A small number of people, estimated to be in the low thousands each year, are told that their bank has made a “commercial decision” to close their account.

Banks tend to offer no explanation and customers who ask for one are brushed off and told to take their grievance to the Financial Ombudsman Service (FOS).

Even then, banks do not always justify their actions and Mr Bartlett is unlikely ever to find out why he became one of the youngest people in Britain to be told by his bank, Barclays, to take his business elsewhere.

However, he suspects that his buying and selling of “Bitcoin”, the controversial digital currency, is behind the bank’s decision.
MORE

[johnwise] 17/4/2015 18:45

Banks Could Face Tougher Penalties in Currency Probe

[portside1] 17/4/2015 12:59

Jenkins knows if he sacks the crooks the bank would have no staff at the top

[portside1] 17/4/2015 12:56

no we are still wanting to no why the bank as not sacked the crooks
the bank of crooks run by crooks for crooks

and investor relations agrees yes they agree to the statement

[smartypants] 17/4/2015 12:05

Bloomberg terminals were struck by a worldwide outage Friday morning in a breakdown that caused deals to canceled or postponed and forced traders back to the telephones and email.
The outage, the cause of which Bloomberg has not yet revealed, caused disruption to traders who rely on the machines to analyze and trade securities, and to communicate with counterparties and investors.


There just me here...or are you all suffering from a blackout ???
some thing of a red out on my monitor

[smartypants] 17/4/2015 11:53

As the Yanks might say..."go figure" ????