Barclays Share Discussion Threads

[portside1] 12/7/2015 14:57

ANTONY JENKINS, the Barclays chief executive who was fired last week, will walk away with about £28m in cash and shares despite failing to deliver his promised turnaround of the bank.

The bonanza includes a £2.4m “golden goodbye”, nearly £11m in bonuses and a £15m pot of shares, which Jenkins amassed during a nine-year stint at the lender. He was elevated from heading Barclays’ retail bank in 2012 in the wake of the Libor rate-rigging scandal.

the merry go round sticking its fingers up to holders mc farlane ow working on is golden goodbye it stinks and its time the funds took action
.

[astol] 12/7/2015 12:18

samartin-dont agree a bad day for Barc if a deal is not approved today then sure there will be some retrace but I think the markets are prepared for a possible Grexit and in any case this will not happen overnight-the most important factor is that markets don't like uncertainty-so key now is a certainty of a bailout or Grexit-this is where we are at now.

[31ben] 12/7/2015 11:12

Spread Betting and CFDs July Magazine edition now online at This month's premium features includes: The Naked Trader; Robbie Burns Reveals his Favourite Takeover Candidates - Jim Mellon explains why now could be the time to go Bargain-Hunting in Greece - Victor Hill offers a Historical Perspective on Sovereign Defaults - Low-Down on the Mid-Cap Market and much more.

[samartin] 12/7/2015 09:33

Yes it's looking like a bad day on the markets tomorrow and no doubt barcs will be hit hard - but fingers crossed!

[kirk 6] 11/7/2015 22:00

looking very dicey now

Greece debt crisis: Eurozone 'sceptical' of reform pledge


1 minute ago

From the section Europe

[bobert] 11/7/2015 17:17

>> Explanation
>> of the Greek Bailout!!!
>>
>>
>>
>>
>>
>>
>>
>> It is
>> a slow day in a little Greek Village. The rain
>> is beating down and
>> the streets are deserted.
>>
>> Times
>> are tough, everybody is in debt, and everybody
>> lives on
>> credit.
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>> On
>> this particular day a rich German tourist is
>> driving through the
>> village, stops at the local hotel and lays a
>> €100 note on the
>> desk,
>> telling the hotel owner he wants to inspect the rooms
>> upstairs in order to pick one to spend the
>> night.
>>
>>
>> The
>> owner gives him some keys and, as soon as the
>> visitor has walked
>> upstairs,
>>
>> the
>> hotelier grabs the €100 note and runs next
>> door to pay his debt to
>> the butcher.
>>
>>
>> The
>> butcher takes the €100 note and runs down
>> the street to repay his
>> debt to the pig farmer.
>>
>>
>> The
>> pig farmer takes the €100 note and heads off
>> to pay his bill at
>> the supplier of feed and fuel.
>>
>>
>> The
>> guy at the Farmers' Co-op takes the €100
>> note and runs to pay his
>> drinks bill at the taverna.
>>
>>
>> The
>> publican slips the money along to the local
>> prostitute drinking at
>> the bar, who
>> has also been facing hard times and
>> has had to offer him "services" on
>> credit.
>>
>>
>> The
>> hooker then rushes to the hotel and pays off
>> her room bill to the
>> hotel owner with the €100 note.
>>
>>
>> The
>> hotel proprietor then places the €100 note
>> back on the counter so
>> the rich traveller will not suspect
>> anything.
>>
>>
>> At
>> that moment the traveller comes down the
>> stairs, picks up the €100
>> note, states
>> that the rooms are not satisfactory,
>> pockets
>> the money, and leaves town.
>>
>> No one
>> produced anything........No one earned
>> anything.
>>
>>
>> However,
>> the whole village is now out of debt and
>> looking to the future
>> with a lot more optimism.
>>
>>
>> And
>> that, Ladies and Gentlemen, is how the bailout
>> package
>> works.
>>

[diku] 11/7/2015 08:39

I can see a late surge to Greek hols...

[christh] 11/7/2015 06:58

Keep Greece flying: Ryanair offers Greek flights for €5



hxxp://www.cityam.com/219936/keep-greece-flying-ryanair-offers-greek-flights-5?ITO=stream

[christh] 11/7/2015 06:56

Educating Yanis Varoufakis: Greek finance minister and his English mentor MP Stuart Holland

hxxp://www.cityam.com/208229/educating-yanis-greek-finance-minister-and-his-english-mentor

Where is Yanis Varoufakis as the Greek parliament votes?

hxxp://www.cityam.com/219947/where-varoufakis-greek-parliament-votes?ITO=stream

[christh] 11/7/2015 06:47

Greek debt crisis: Germany shouldn't lecture Greece - it never repaid its own debts, argues Thomas Piketty

Outspoken economist Thomas Piketty said it was hypocritical of Germany to lecture Greece considering the country's own bad credit history.



hxxp://www.cityam.com/219501/greece-crisis-germany-shouldnt-lecture-greece-it-never-repaid-its-own-debts-argues-thomas?utm_medium=Email&utm_source=Email&;utm_campaign=150711_CWR

[johnwise] 10/7/2015 19:01

Yes, the Chairman, John McFarlanehas a successful business pedigree

[mbmiah] 10/7/2015 17:37

The longer the chairman remains as chief the better IMO

[johnwise] 10/7/2015 16:44

Standard Life Wealth poaches head of operations from Barclays

[johnwise] 10/7/2015 16:36

With its reputation who would want the job?

Fixing a football match you get 8 years in prison. Fixing the banking system you get 0 years! Does that sound right?

Barclays may not pick next CEO until early next year

Chairman could be in charge for 8 months after firing CEO

[blackberry122] 10/7/2015 16:09

Barclays PLC with EPIC LON:BARC had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘CONVICTION BUY’ today by analysts at Goldman Sachs. Barclays PLC are listed in the Financials sector within UK Main Market. Goldman Sachs have set a target price of 330 GBX on its stock.

hxxp://www.directorstalkinterviews.com/barclays-plc-25-5-potential-upside-indicated-by-goldman-sachs/412670272

[diku] 10/7/2015 08:49

porty power done the trick!!...

[astol] 10/7/2015 08:34

Having posted above share price its now warming up-positive newsflow during the day will keep good momentum.
I do like the McFarlane impact-he is certainly getting on with matters and acting after ousting Jenkins-all good stuff!!!

[astol] 10/7/2015 08:12

I am assuming the fairly muted response to the share price today so far is due to awaiting developments of the proposals being approved by the various parliaments ie Athens,Berlin etc

[johnwise] 10/7/2015 06:33

The New York Times


Barclays Faces Toughest Test in Investment Banking


Barclays faces the biggest test in retooling its investment bank. Chief executives at Barclays, Credit Suisse and Deutsche Bank have now all left, meaning new leaders will tackle their respective divisions’ futures. All three have lost market share to Wall Street over the last few years. But Barclays’ shrinking broker-dealer revenue makes it the top contender for further slippage.

Each bank has distinct investment banking challenges. Credit Suisse looks to be the weakest on capital: It allocates equity on the basis of 10 percent of the segment’s risk-weighted assets. Had it done so at 12 percent, as Barclays and Deutsche did last year, its investment bank’s pretax return on equity would have been 5 percentage points lower.

That would still have been comfortably above Deutsche’s, however. Blame its exorbitant cost base, which devoured 77 percent of the division’s 2014 revenue and 85 percent of the top line in the first quarter. If Deutsche’s cost-to-income ratio had been 69 percent, as was the case for Credit Suisse and Barclays in the first quarter, its return on equity would have been 12 percent.

Barclays could also have produced a first-quarter investment banking return on equity of that magnitude, were it not for a huge effective tax rate linked to the foreign exchange market-rigging scandal.

But Barclays has a bigger issue: Its investment bank has shrinking revenue. Credit Suisse produced more investment banking revenue than Barclays last year — a first since Barclays’s integration of Lehman Brothers. Barclays also ceded its sixth-ranked position in fixed-income trading last year to its Swiss rival, according to the research provider Coalition. Of the 14 investment banking businesses tracked by Coalition last year, Deutsche had top-three market share positions in six and Credit Suisse in four. Barclays had that in just one business — rates trading.

The good news for Barclays’s executive chairman, John McFarlane, is that Barclays’ noncore assets are easier to wind down than Deutsche’s, according to Morgan Stanley, and the bank’s first-quarter return on equity improved. But market positioning matters, especially in trading. Despite Mr. McFarlane’s recent backing for the business, Barclays may yet lose more ground in investment banking. END

[pete678] 10/7/2015 00:27

Spread Betting and CFDs July Magazine edition now online at This month's premium features includes: The Naked Trader; Robbie Burns Reveals his Favourite Takeover Candidates - Jim Mellon explains why now could be the time to go Bargain-Hunting in Greece - Victor Hill offers a Historical Perspective on Sovereign Defaults - Low-Down on the Mid-Cap Market and much more.

[astol] 09/7/2015 23:30

Thanks blackberry- all bullish links!!!

[astol] 09/7/2015 23:24

Futures soaring on CAX-FTSE-DOW- looks like the proposal tabled by Tsipras matches 26 June proposal requested by ECB
Greek proposal promises tax hikes and pension cuts!!!!Looks like a deal may be in the offing!!!!

[blackberry122] 09/7/2015 23:09

No More Apologies at Barclays as McFarlane Sets Sight on Revenue

[blackberry122] 09/7/2015 22:58

Barclays sets out plans to ‘unleash revenue growth’