Barclays Share Discussion Threads

[johnwise] 16/8/2015 23:58

Broker ITG fined $20m for Flash Boys-style dark pool misuse



Bloomberg View
Making ITG's Secret Dark-Pool Trading Desk Even Murkier

[blackberry122] 16/8/2015 23:09

typical Moodys. Saying something, but saying nothing...they cause more trouble by telling risks, which are obvious, but don't focus on whats actually happening. Nothing more than a Moody's advert to get their name about.

[smurfy2001] 14/8/2015 13:28

High costs and low profits could undermine Barclays’ efforts to reform its business model, analysts at credit ratings agency Moody’s said today, in a blow to executive chairman John McFarlane’s plans to improve returns at the bank.


The plan includes slashing costs, cutting down the least profitable parts of the investment bank and re-focusing staff culture on customer service.


Investors have broadly welcomed Mr McFarlane’s plans, with shares in the UK-listed bank up 7pc since he fired chief executive Antony Jenkins in July and took control as executive chairman.





However, Mr McFarlane has not announced any radical change of strategy, instead preferring to accelerate the existing reform plans put in place by Mr Jenkins.


And analysts at Moody’s fear there are plenty of risks to the scheme’s success.

“Barclays' profitability remains constrained, however, as a result of weak revenues, and high litigation, conduct and restructuring costs, all of which limit its financial flexibility and heighten the execution risk associated with its business plan,” said the report, written by analyst Alessandro Roccati.

“Additional structural changes that Barclays will have to implement in the coming years to comply with the UK Banking Reform Act, as well as G-20 recommendations on Total Loss Absorbing Capital (TLAC), will further increase the execution risk associated with the group's restructuring plans.”

Mr Roccati does expect the bank will complete the reforms, but notes that a failure to do so will damage his profit forecasts for Barclays.

Additional costs so far this year include the settlement of a foreign exchange manipulation lawsuit in the US, as well as £600m of expenses related to redress for payment protection insurance mis-selling.

[abcd1234] 14/8/2015 09:54

anyone else having a prob with barclays trading platform (BarxDirect) being dead slow this morn ??... thanks

[johnwise] 14/8/2015 08:27

Barclays wants tax incentive to bring 1,500 jobs to Hamilton

Financial company proposes building call center in Butler County

Hamilton city leaders said they are very excited about the prospect of bringing new jobs to town.

City leaders said they will have a first reading of the proposed tax credit for Barclays during a city council meeting Wednesday night.

[johnwise] 14/8/2015 07:35

Indian banks in UK face tougher rules

All 10 Indian banks with operations in the UK will soon be subject to new rules to increase individual accountability from next year. Regulators the Financial Conduct Authority and the Bank of England’s Prudential Regulatory Authority released “near final rules” on Thursday to bolster the governance of the UK branches of foreign banks.

[johnwise] 13/8/2015 13:14

Daily Nation

Barclays half-year profit up 8 per cent to Sh4.6bn

Barclays Bank CEO Jeremy Awori during an investor briefing on the bank's half-year performance on August 13, 2015. The bank has made Sh4.6 billion profit for the period ending June 30

[johnwise] 12/8/2015 12:35

Outlook for UK banks 'brighter' than at any point since financial crisis

UK banks' earning potential is now higher than at any point since the 2008 financial crisis, according to a new report by Standard & Poor's.

12 Aug 2015

[mrcravat] 12/8/2015 10:07

Back in at 275...

[blackberry122] 12/8/2015 09:50

if the upward channel trend continues then barc is due to test the 330 point in the xmas rally/new year results around Feb/mar time

[blackberry122] 12/8/2015 09:46

The upward trend in the Barclays plc (LON:BARC) share price remains alive with the channel yet to be broken.

The channel in question has been the guiding technical set-up for the stock since October 2015 and until it is violated further gains are likely on a medium-term basis.

The trend should dictate the achievement of 300p within the next two months; obviously the velocity of the move higher is harder to call than making the simple presumption for further gains.

Indeed, we have seen momentum wane over recent days with the pullback to the 280p zone being welcomed with the formation of a number of negative signals.

These include Momentum, MACD, Williams %R, Slow Stochastic, Fast Stochastic and the Commodity Channel Index.

280p appears to be immediate support for BARC. Further down support is seen at 262p which broadly forms the lower-bound edge of the upward channel.

For us a test of this number (which of course moves higher as time passes) will be the ultimate signal when calling the negation of the upward-sloping channel.

[davew28] 12/8/2015 09:39

Barclays share price: Lender in talks to settle “dark pool” allegations

Bank likely to pay tens of millions in fines

Barclays Plc (LON:BARC) has entered negotiations with the New York attorney general and the US Securities and Exchange Commission (SEC) over allegations that the bank had defrauded clients by lying about the extent of high-frequency trading taking place in its so-called ‘dark pool’ trading venue, The Wall Street Journal reported today, citing sources familiar with the matter.

Credit Suisse, another major dark pool operator in regulator’s crosshairs, has also engaged authorities in settlement negotiations, the sources said.

The banks are said to be close to agreeing to pay fines in the high tens of millions, though sources cautioned that the talks could yet fail.

Barclays and Credit Suisse both declined to comment.

[johnwise] 12/8/2015 04:04

One such opportunity is Barclays (LSE: BARC). Unlike Serco, it is hugely profitable and is forecast to increase its bottom line at a rapid rate over the next couple of years. And, despite such strong growth prospects, Barclays continues to offer excellent value for money, with it trading on a price to earnings growth (PEG) ratio of just 0.4, it appears to offer huge upside potential.

Furthermore, Barclays has the potential to become a superb income play, too. That’s because it is targeting a payout ratio of around 45% over the medium term. With earnings per share set to reach over 28p next year, this means that Barclays could be set to pay out at least 12.6p per share in dividends per year over the medium term. At its current share price, this equates to a yield of 4.5%, which would undoubtedly help to improve investor sentiment and push the bank’s share price higher.

[johnwise] 12/8/2015 03:57

US authorities break up 'insider trading ring' that used Ukrainian hackers

Almost two dozen people face criminal and civil charges over trades based on hacked results announcements

Prosecutors have charged nine people they believe form part of an insider trading scheme that made $30m by acting on about 800 releases from roughly 150,000 documents stolen from the servers of three firms that distribute company announcements: Business Wire, MarketWired and PR Newswire.

[johnwise] 12/8/2015 03:49

SPECIAL INVESTIGATION: How shadowy high-tech traders are using this WW2 radio mast to cream billions off our pensions

They capitalise on the tiny delay between the order and purchase of shares

Read more:

[seccol] 11/8/2015 17:44

Will please get your has and as the correct way,you've been doing this for far to long.

[portside1] 11/8/2015 15:07

has I posted till mc takes the actions we are going nowhere .yes he as spoken .
but words mean nothing action does, oct we will bark

[informant] 11/8/2015 14:59

"I think the market's perception is if China is doing that they're really worried about their economy," said Jason Leinwand, managing director at Riverside Risk Advisors.

Looks like we will have the next recession sooner rather than later. Put that with Greece. Not looking good

[johnwise] 11/8/2015 08:15

Banking profits to go higher with UK rate hike

To finish, Justham continued by adding how Carney has been drip feeding rate hike information in the same way as Yellen in the US. He argues that if rates go up, there will be a significant chance for profits for banks. Justham highlighted the 77% of all cash held by the big four UK banks under deposit, around £500 billion, and he commented that this margin would increase immediately if rates were to rise.