Barclays Share Discussion Threads

[astol] 02/6/2015 11:08

well well come earlier than expected nice bounce back to a +++++++ sp

[astol] 02/6/2015 09:47

Oh well the bounce up I thought would happen is a bounce down.Looks like some small market correction worth buying on the dips.

[astol] 02/6/2015 09:17

PARIS--Talks between Greece and its creditors are making progress but it still needs effort on both side to reach a deal, the European Union's economics commissioner Pierre Moscovici, said on French radio on Tuesday.

There are negotiations currently under way between the European institutions, the International Monetary Fund and the Greek government, Mr. Moscovici said.

"These discussions are beginning to bear fruit, I think that there is real progress, a better understanding between the Greek government and its creditors," he said.

"There are solid foundations for progress to be made, but we're not there yet," he said.

Late on Monday, Greece's international creditors were preparing the final text of a bailout deal to present to the Athens government, detailing economic overhauls that the country needs to implement to unlock bailout financing.

Greece is facing a EUR300 million ($327 million) payment to the International Monetary Fund on Friday, but concerns have arisen that the government won't make the payment unless it receives more aid from international lenders.

Athens is still struggling to agree on a reform program with its creditors; such an agreement is a prerequisite for receiving the next tranche of bailout money.

Mr. Moscovici dismissed worries about Friday's deadline, saying that Greece has always honored its commitments toward the IMF. He added that this is not the first time there have been concerns over Athens' ability to meet a payment.

The country is believed to have enough cash left to repay the EUR300 million due on Friday, but probably won't have enough to cover three further repayments due in mid-June.

"It's true that time is short. In the few weeks that we have left, we must find a solution," Mr. Moscovici said.

"I think we're on the way to doing so, but there are still efforts to be made on both sides to get there," he added.

[keifer derrin] 02/6/2015 07:44

The UK’s financial system remains at risk of upheaval despite the regulatory changes undertaken since the 2008 banking crisis, according to a thinktank.

[diku] 01/6/2015 22:52

Me thinks probably a temporary Greece exit....sort out the finances and then re enter...

[mbmiah] 01/6/2015 21:53

Agreed astol. I can't see how they would let Greece exit - they make St realise there will be domino effect

[astol] 01/6/2015 20:10

mbmiah-I think its just the Greek thing hanging over the banks and the Dow looked like it was going to tank a bit-but now see it nicely in the Blue +80 or so. Tomorrow we should recover the loss imo seems to be good support circa 265p.The FIFA matter I believe is not that Barc are involved just that presumably the corruptors used the Bank to facilitate deposits and withdrawals.So its more of an investigation as to the transactions that went on at Barc and other banks in question.

[druid2] 01/6/2015 18:18

Charts for BARC & FTSE virtually identical.

[mbmiah] 01/6/2015 17:51

So what happened today? Can't be linked to the Fifa transactions cannot??

[druid2] 30/5/2015 17:32

Ken - Many Thanks. You are doing a great job. I like looking at the Forecasts and Fundamentals. (Updated on 29 May). I hope the BARC price and divis. will gradually increase as profits rise over the next few years.

[astol] 29/5/2015 16:33

last 10 mins or so was a sell off?? was holding up so well even when the Dow was near its low.
Have a great w/e all

[astol] 29/5/2015 15:45

davew28-Good post for the longs which I am

[davew28] 29/5/2015 14:57

Ironic considering the timing:

UK banks back in favour as scandals abate

Emma Dunkley and David Oakley

At a gala dinner in the City of London two years ago, one of the UK’s leading investors shocked his audience with what seemed at the time like an outlandish statement: scandal-hit Barclays could be the stock of the next decade.

Like Apple over the past decade, it could outperform almost every other stock and become the company every asset manager would want in their portfolio, said Ian McVeigh, who then ran one of the largest UK equity funds for Jupiter Fund Management.

While the prediction remains controversial, there is a growing band of investors who think Barclays and other UK bank stocks are potential star performers as the economy improves and scandals of the past are shaken off.

After a surprise surge in profits in recent months and plans among some banks to resume dividend payouts for the first time since the financial crisis, this view has hardened.

“Once the banks start paying dividends, then that is going to be a major appeal,” says one investor with shares in Barclays, Lloyds Banking Group and Royal Bank of Scotland. “If the economy keeps strengthening, then there is no reason why the sector should not start to shine.”

Chirantan Barua, an analyst at Bernstein, agrees. He says 2015 is “a key year” for UK banks to pay income after building up excess capital reserves.

Overall, the downsides for banks of a fiercely competitive market in areas such as mortgages should be offset by an improving economy and rising interest rates, which some analysts are forecasting by the end of the year in the UK.

Ashok Vaswani, chief executive of personal and corporate banking at Barclays, said in a presentation last year that every 1 per cent rise in interest rates would result in nearly £350m of income for the bank.

A top 20 investor in Barclays and Lloyds says: “Although rate rises will be slow and very incremental, it has to be a positive for institutions who make their money through lending to people. Banks are a good bet as the economy recovers.”

Full article:

[astol] 29/5/2015 12:21

nice recovery on the share price so far today!!!!

[lrj] 29/5/2015 11:37

A DREAM.

The U.K. today announced they are to carry out a full investigation of the gambling industry in Las Vegas and everywhere else in the U.S. Legal papers filed show every US Bank is named, just in case. Mr George Baily of Building and Loan's said "we are fully helping with the enquiries" Mr Clarence Odbody refused to comment, but smiled as a bell rang!

[astol] 29/5/2015 10:50

thanks mrcravat-interesting post :-)

[mrcravat] 29/5/2015 10:17

That's perfectly true astol but it means( if true ) that BARC,HSBC and STAN have failed with their obligations to comply with stringent Money Laundering laws on both sides of the pond.

At this stage it's only an investigation but "Britain’s Serious Fraud Office is understood to be monitoring the situation and ready to help the US authorities" with this 160 page dossier.

HSBC were hammered a few years ago and it's not just the fine but the reputation of BARC that's at stake to already add to the woes of the LIBOR fixing and other fines.

I'm long on BARC & have a holding of £50k in my portfolio btw.

Good Luck to all holding.

[astol] 29/5/2015 08:43

mrcravat-It doesn't mean Barc or HSBC are involved in the corruption just that the corrupters used these Banks for transactions

[isis] 29/5/2015 07:37

FIFA now - LOL

[mrcravat] 29/5/2015 00:42

The Headline says it all....just when you're seeing light at the end of the tunnel :-(

edited to add being "investigated" at this stage