Barclays Share Discussion Threads

[johnwise] 25/4/2015 04:58

Don't let the door hit your asses on the way out. Just because your being told you cant play Russian roulette with peoples money:


Why would HSBC want to quit the UK - and will other banks follow suit?

HSBC sparks claim that the ‘regulatory pendulum has swung too far

[lrj] 24/4/2015 22:20

The only banks that needed a Government bailout were the Scottish Banks, RBS part nationalised by UK PLC and HBOS. Lloyds shareholders (I am one) saved UK PLC by not taking HBOS`s debt direct (what would an independent Scotland do?). Politicians have short term policies, to be re-elected next time. Banks were found to be corrupt in various dealings, the dealers themselves were dishonest for personal gain. As a shareholder, I ask, where were the regulators to police my investment? UK PLC should respect the "money" banking brings to the UK.

[diku] 24/4/2015 21:14

And move to Timbaktoo....is that a good place?...

[prambigear] 24/4/2015 17:36

They should all threaten to leave.

and US banks should threaten to leave New York

[blackberry122] 24/4/2015 16:05

HSBC warning that it may move its HQ could help alleviate future rises in the bank levey, unless of course they actually leave and the others have to make up the difference.

[portside1] 24/4/2015 14:47

bought a few yesterday will add a lot more next week

[portside1] 24/4/2015 14:38

funds to start to add barcs good info should see a good rise next month

[waldron] 24/4/2015 13:45

WELL TIMED ME THINKS

ENJOY YOUR WEEKEND

YOU CAN NOW WORRY ABOUT WHAT WILL BE YOUR NEXT BUY

AND WHETHER YOUVE GOT GAINS TAX TO PAY

TAKE CARE

CHEERS AND A HEARTY CHUCKLE

[smurfy2001] 24/4/2015 13:10

Well i've finally decided that i'm going to start reducing my Barclays stake after many years of posting on this board.

First slice dumped.

Following your instruction, we have sold on your behalf
Stock Name: BARCLAYS PLC ORD GBP0.25
Quantity: 10000
Price: 2.650180 GBP
Consideration: 26501.80 GBP

[samartin] 24/4/2015 09:27

Looking good BUT will it hold!

[johnwise] 24/4/2015 08:15

Barclays’ bosses warn investors of pain ahead as Libor scandal fines and legal bills roll in


Huge fines and legal bills are on the way, Barclays’ outgoing chairman Sir David Walker warned shareholders at yesterday’s annual general meeting.

[johnwise] 24/4/2015 08:14

Deutsche Bank hit with largest Libor fine in history

Germany’s biggest bank has been forced to fire seven senior employees, pay a £1.7bn fine and admit criminal guilt in the most severe punishment for interest-rate benchmark manipulation in history.

Four regulators in the UK and US hit Deutsche Bank with unprecedented fines and other penalties on Thursday, detailing how traders in London, Tokyo, New York and Frankfurt manipulated Libor, London’s benchmark for interbank borrowing, and its European and Japanese equivalents

[samartin] 23/4/2015 20:50

Well that sounds good for barclays then!

[waldron] 23/4/2015 19:28

By Patrick Fitzgerald

A federal judge denied Lehman Brothers Inc.'s bid to carve out $1.3 billion from an earlier court decision that awarded $4 billion in disputed assets to Barclays PLC stemming from the U.K. bank's purchase of Lehman's brokerage business.

Judge Katherine B. Forrest of the U.S. District Court in New York said Wednesday that Barclays was entitled to all of the so-called margin assets--some billions of dollars in cash and collateral--securing derivatives positions. The ruling is a win for Barclays, which purchased Lehman's brokerage business days after Lehman's 2008 collapse.

The legal fight over the sale began in 2009, when Lehman sued Barclays saying the British bank negotiated a secret discount when it bought Lehman's brokerage. A bankruptcy judge concluded that Barclays didn't receive an improper "windfall" from the sale, but that Lehman's brokerage was entitled to the approximately $4 billion in margin assets.

Both sides appealed, and the district court ruled that Barclays was entitled to both groups of assets. James W. Giddens, the trustee winding down Lehman's brokerage, appealed to the Second U.S. Circuit Court of Appeals, which last year affirmed the district court ruling.

"The issues raised by the trustee on this motion come too late," said Judge Forrest in a 17-page order. "Both appeals--that of the bankruptcy court's order and that of this court--have occurred. And both appeals encompassed determinations that Barclays is entitled to all margin assets."

Judge Forrest's order, in effect, clarifies the earlier rulings that awarded all the margin assets to Barclays. The trustee had sought to narrow the scope of those decisions, arguing that only those assets that were securing open trading positions at the time of 2008 sale were included in the deal. Mr. Giddens has appealed the broader decisions awarding all the margin assets to Barclays to the U.S. Supreme Court.

A spokesman for Mr. Giddens said, "The trustee is reviewing the decision, and he continues to move ahead with winding down the estate and maximizing assets available for future distributions."

Previously, Mr. Giddens has said the decisions overturning the bankruptcy court ruling have frustrated the purpose of the liquidation by reducing the amount available for the estate by $4 billion.

Lehman brokerage customers received about $92.3 billion almost immediately after Lehman collapsed, and since then total distributions have exceeded $112 billion, representing a 100% recovery for customers and priority creditors. However, unsecured creditors are receiving much less--$5.9 billion, or 27% of their claims. A Lehman victory in the appeal would increase those recoveries.

Lehman Brothers Holdings Inc., the bank's New York-based holding company, which itself has paid back about $100 billion to unsecured creditors, is still winding down and selling off its remaining holdings, a process that is expected to continue for several more years.

Write to Patrick Fitzgerald at [e-mail]

[portside1] 23/4/2015 14:31

agm statement the same as last years almost word for word

[manics] 23/4/2015 12:20

There's hashtags running on Twitter.

[portside1] 23/4/2015 10:40

lrj thank you

[lrj] 23/4/2015 10:39

Portside1

No live webcast for AGM, there is a live webcast for the Q1 results.

[portside1] 23/4/2015 10:28

have looked at all sites can find nothing

[waldron] 23/4/2015 10:20

PORTSIDE

TRY THIS

[waldron] 23/4/2015 10:14

Can't find webcast info on BARC SITE