Barclays Share Discussion Threads

[smurfy2001] 11/5/2015 07:14

Interesting so wonder if share prices will either take an initial hit or rise?

[la forge] 11/5/2015 06:19

cityam.com


by Tim Wallace
11 May 2015 4:32am

BARCLAYS, RBS, JP Morgan and Citigroup are all expected to settle forex manipulation accusations with US regulators as soon as this week.

Shares in the sector have been held down by uncertainty around the scale of the fines, which are expected to come in at around the £3bn mark.

It comes six months after a group of six banks settled with Britain’s Financial Conduct Authority (FCA), the US’ Commodity Futures Trading Commission (CFTC) and Swiss regulator Finma.

In November last year JP Morgan, HSBC, UBS, Citi, Bank of America and RBS paid a total of £2.6bn to the watchdogs.

This time the US’ Department of Justice will be taking the funds, but Barclays is also expected to reach its settlement with the FCA and CFTC at the same time.

The British high street bank declined to join the previous agreement in November, having been burned by the Libor scandal when it elected to settle first with regulators, exposing the lender to the brunt of the political fallout.

Instead, it wants to get all of the forex fines out of the way in one go, alongside other banks, to avoid such devastating exposure.

However, because Barclays held back with previous fines it will not get the 30 per cent discount offered by the FCA to the lenders in November for settling early.

The bank set aside an extra £800m in the first quarter to cover the anticipated costs of the investigation.

After a rough three years since the Libor scandal broke, Barclays hopes this settlement could draw something of a line under its conduct issues.

It is getting closer to the end of its payment protection insurance compensation redress payouts, and hopes that its investment banking reforms are starting to take effect.

Barclays’ share price rose by 3.7 per cent on Friday.

All banks involved declined to comment.

[bigman786] 10/5/2015 18:05

On the basis we've already set aside 800 mill or is it 2 Bill for those soon to hit us fines then you'd hope 1 Bill from the sale of Visa Europe would be very positive for the share price Guess we'll find out rather soon.

[la forge] 10/5/2015 14:44

SMURFY

APPARENTLY BEEN TRYING TO SELL FOR 10 YEARS

Financial Times

David Einhorn the short seller who bet against Lehman Brothers and Green Mountain Coffee has turned his attention to US oil exploration companies labelling them “frack addicts” who are wasting money on uneconomic wells.

Barclays is preparing to sell £2bn of risky second-charge mortgages and loans made through its Firstplus brand more than 10 years after the bank had originally planned to offload the subsidiary.

[smurfy2001] 10/5/2015 13:27

Barclays in talks to sell £2bn package of risky loans

Financial Times

The £2bn Firstplus business, which was fronted by television presenter Carol Vorderman in adverts, was moved to Barclays' non-core division in May

[la forge] 10/5/2015 05:12

NICE ONE DAVE

CHEERS

[davew28] 09/5/2015 20:53

UK Banks In Line For £4bn Visa Sale Windfall

Barclays could make more than £1bn from a takeover of Visa Europe by its US sister company, Sky News can reveal.


By Mark Kleinman, City Editor

Some of Britain's biggest high street lenders are eyeing a windfall that could total more than £4bn from a takeover of Visa Europe, the payments group.

Sky News has learnt that Visa Europe's board appointed investment bankers at Morgan Stanley in recent days to advise it‎ on discussions about a bid approach from New York-listed Visa Inc.

Barclays‎, Nationwide, Lloyds Banking Group and Royal Bank of Scotland (RBS) will each receive a chunk of that bonanza if Visa Inc, the New York-listed company, acquires its European sister.

Visa Europe is owned by more than 3000 banks across the Continent, with the company's 20-strong board including representatives of several UK lenders as well as large and small counterparts from around Europe.

One source estimated the UK banks' shareholding in Visa Europe at between‎ 25% and 30%, with Barclays alone understood to hold an economic interest in the company of just under 10%.
Barclays move attacked

Barclays alone could make more than £1bn from a takeover

If a takeover of Visa Europe valued it at $20bn (£12.9bn), that would trigger a payout to Barclays of more than £1bn, with hundreds of millions of pounds owed to Lloyds.

A complex formula determines the price at which Visa Europe can force Visa Inc to buy the company, while the US group can also exercise a call option to acquire its sister operation under certain circumstances.

One of the lenders which is represented on Visa Europe's board said that directors would discuss the approach from Visa Inc at a meeting next week.

JP Morgan is understood to be advising Visa Inc on the talks.

Previous negotiations about a takeover have met opposition from French bank members of Visa Europe, with their priority being to keep the company independent.

Documents suggest that 80% of its board needs to approve the exercise of the put option.

The early-stage talks were reported on Friday, sending the US group's shares up by more than 4%.

Each shareholder in Visa Europe owns a single share in the company, but the economic value of that stake is determined by ‎the volume of business that they conduct through its network.

Many European countries have their own domestic debit payment networks, while in the UK the ‎vast majority of debit transactions are handled by Visa.

Lloyds' substantial stake in Visa Europe is partly a consequence of its takeover of HBOS during the 2008 financial crisis.

Visa Inc has been open about the likelihood of reuniting its US and European operations through a deal.

In a regulatory filing last month, Visa Inc said the price of a deal‎ "would likely be in excess of $10bn".

Visa Inc was itself a bank-owned association before becoming a listed company in 2008.

Buying Visa Europe, which processed more than 16bn transactions last year, would strengthen its position as the world's biggest payments group.

Both Visa entities declined to comment.

hxxp://news.sky.com/story/1480861/uk-banks-in-line-for-4bn-visa-sale-windfall

[sarkasm] 09/5/2015 15:06

SMURFY

Thats the way to do it

BUT WITH A PORTFOLIO OF AT LEAST 10 DIFFERENT SHARES IN 10 DIFFERENT
SECTORS IF POSSIBLE

ALL THE BEST

[berry453] 09/5/2015 14:39

Spread Betting and CFDs May Magazine edition now online at This month's premium features includes General Election 2015: Whoever Wins, Britain Loses - Interview with David Buik, Zak Mir interviews a City Legend - The Mind of the Master Investor - Small Cap Corner, Tomorrow's Jam Today - FTSE 100, where Next?

[smurfy2001] 09/5/2015 14:27

It's simple folks, hold a long term investment (because it's cheap) and trade the stock on the side.

[sarkasm] 09/5/2015 12:49

cheers portside

one might ask who values the asset base

could the true value come into question as to quality
and would the assets be able to be easily sold into todays markets

if the content of your 111857 is an others view
kindly give LINK

ENJOY THIS LOVELY WEEKEND

[portside1] 09/5/2015 08:55

One of the challenges facing Barclays (LSE: BARC) (NYSE: BCS.US) is the sheer volume of regulatory allegations and fines that continue to assail the banking sector. But while they hurt investor sentiment and Barclays’ bottom line in the short run, they also provide an opportunity for long-term investors to buy in at a very enticing share price.

For example, Barclays currently trades on a price to book (P/B) ratio of just 0.65, which suggests that its shares are very cheap. And, while there could be turbulence in the UK economy due to potential political risk, as well as the possibility of further problems from Greece and the Eurozone, it’s unlikely that there will be significant write downs to Barclays’ asset base. As such, its lowly valuation seems very difficult to justify at the present time.

In addition, Barclays is forecast to yield as much as 4.3% next year, which indicates that its shares look set to offer a potent mix of income and value. This should be enough to allow them to beat the performance of the FTSE 100.

[portside1] 09/5/2015 08:45

the election should now give a boost to barc the country as been saved from the left wing nutters

[waldron] 08/5/2015 14:13

SMURFY

YOU ARE PLAYING AN EXCELLENT GAME OF PING PONG

WELL PLAYED

KEEP ENJOYING

CHEERS

[m4m] 08/5/2015 13:49

from Shares Mag:

[gcom2] 08/5/2015 13:39

you'll be back in on any dip,trust me

[smurfy2001] 08/5/2015 13:04

Sold. Weekend champagne and nice food. I still hold nearly 40K shares.

Following your instruction, we have sold on your behalf
Stock Name: BARCLAYS PLC ORD GBP0.25
Quantity: 10000
Price: 2.615xxx GBP

---------

smurfy2001 - 01 May 2015 - 15:52:29 - 111805 of 111851
I've bought back 10,000 @ 253.85.

--------

smurfy2001 24 Apr'15 - 13:10 - 111719 of 111803 0 0 edit

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

[smurfy2001] 08/5/2015 13:00

Sell order placed.

[samartin] 08/5/2015 10:02

Well it was looking good early on but.....It looks like barclays is starting to sliiiiiiiide yet again!Will it hold?

[mani2013] 08/5/2015 08:05

Trading for popular banks halted !! Positive news for banks across the board. BARC to open higher (around 262), LLOY on breakout (around 90)

[gutterhead] 07/5/2015 21:48

Ak, don't respond to the eejut

[mbmiah] 07/5/2015 18:42

Ex div today

[smartypants] 07/5/2015 11:49

bots are even more aggressive ?