Barclays Share Discussion Threads

[johnwise] 14/10/2015 08:06

Barclays to Follow Goldman in Arranging Solar Bonds in Japan


Barclays Plc plans to follow Goldman Sachs Group Inc. in arranging bonds that finance solar power in Japan as early as next year, with the government forecasting incentives will double clean energy output in 15 years.

“Renewable energy is a sector that has a great potential," said Morifumi Yotsumoto, the head of debt capital markets at the banking section of Barclays in Tokyo. Project bonds are attractive for investors “as an alternative that offers a long-term and relatively high spread,” he said in an interview.
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[savogi] 13/10/2015 21:27

dave

Another good news for you:


Why Are The IMF, The UN The BIS And Citibank All Warning That An Economic Crisis Could Be Imminent?

[johnwise] 13/10/2015 11:15

From that Marxist outfit the BBC

Barclays – back to the future

Can America trust the BBC?

[informant] 13/10/2015 11:08

JP Morgan results later will give an indication on where this dog falls to.

[smurfy2001] 13/10/2015 09:19

I think we need bank results before this dog barks.

[johnwise] 13/10/2015 08:54

John McFarlane’s three-month hunt for a CEO with a new set of skills has led to a familiar form of talent: an American investment banker, Jes Staley,

Mr McFarlane, frustrated by what he called a "cumbersome and bureaucratic" bank under Mr Jenkins, has been seeking a CEO who can boost revenue while navigating rules and investigations that have eroded the firm’s profits.

In an interview with the Financial Times published at the weekend, the chairman said he was also worried that European investment banks were losing ground to strong competitors across the Atlantic.

Looking to Mr Staley "is an acknowledgment that if they don’t get it right in the US, they’re going to have a hard time", And Mr Staley, to his credit, was good with regulators

[bookbroker] 13/10/2015 08:35

Great choice, experience the key, market has over-reacted on IB. concern, Macfarlane exerts a lot of control here, Staley will certainly enact less reliance on investment banking, market should focus on the underlying fact to reduce risk weighted assets!

[davew28] 12/10/2015 22:10

Barclays set to name Jes Staley as CEO

Barclays plans to appoint Jes Staley as its new chief executive, turning to the former JPMorgan investment banker to lead the UK lender through a period of hefty restructuring and strategic uncertainty.

Mr Staley’s appointment is expected to be announced in the next two weeks, providing it is approved by regulators, according to two people familiar with the matter. Barclays declined to comment.

One person close to the process said a shortlist of two had been narrowed to Mr Staley in recent days. The person said Barclays was braced for a dramatic change of approach compared with the regime led until the summer by retail banker Antony Jenkins.

“Winding down an investment bank with a big American investment banker in charge of the group is going to be challenging,” the person said.

The 58-year-old American will join from Blue Mountain Capital, the US hedge fund he joined in early 2013 after a more than three-decade career at JPMorgan.

During his time at JPMorgan, Mr Staley rose to head its investment bank, and was at one time seen as a contender to take over from Jamie Dimon as chief executive.

His appointment is likely to be widely seen as signalling a U-turn on the anti-investment bank strategy of Mr Jenkins, who one person close to the board said “did not understand investment banking”.

Barclays is in the process of slashing thousands of jobs and winding down a multibillion pound portfolio of non-core assets at its investment bank as it prepares to separate the division from its retail unit under the UK’s so-called “ringfencing” law.

The bank expanded its investment banking unit during the financial crisis by acquiring the American assets of the failed Lehman Brothers empire. But it has struggled to make a success of its challenge to the big Wall Street groups and the unit’s returns remain below its cost of capital.

It is the second time Barclays has approached Mr Staley about becoming its CEO. The first time it did so in 2012, the bank eventually balked at the high cost of buying out his contract at JPMorgan and the political risk of hiring another US investment banker to replace Bob Diamond, who was forced out by the regulator over the Libor interest rate rigging scandal.

Instead, the bank opted for the more politically acceptable choice of Mr Jenkins, who was then head of its retail bank and went on to be dubbed “Saint Antony” for his attempts to clean up the bank’s scandal-plagued culture and reputation.

Mr Jenkins was abruptly fired in July by the bank’s new chairman John McFarlane, who said a new “set of skills” were required and took full executive control until a permanent successor could be found.

Mr Staley would be the second former senior JPMorgan executive to take charge of a large UK-based bank this year after Bill Winters became CEO of Standard Chartered in June.

The incoming Barclays CEO remains active in the world of banking, having joined the board of Swiss banking group UBS earlier this year. He also has international clout, as a member of an advisory committee to the Federal Reserve Bank of New York.

[davew28] 12/10/2015 22:07

Barclays set to name Jes Staley as CEO

[savogi] 12/10/2015 21:56

dave

You can ramp this three legged dog as long as you like,but those living in a fool's paradise will suffer a rude awakening.

The obvious and glaring reality is that nothing has been done to fix the root causes of this financial crisis. Printing toilet paper,artificially low interest rates and debasing the currency in an effort to inflate away the debt have failed miserably.

Like I have said many times before..The banking system built on lies and more lies,hiding toxic asset and cooking books.Yet It is amazing how much ill placed faith is thrown into the current fraudulent system when there is plenty of evidence of insatiable malfeasance. Therefor the banks are going to face dramatic problems ahead because the past issues of bad loans have yet to be realised.

[davew28] 12/10/2015 21:37

Barclays Close To Naming Jenkins' Successor

[davew28] 12/10/2015 21:31

Everything you need to know about Tushar Morzaria. – Soon to be CEO of Barclays?

[davew28] 12/10/2015 21:27

savogi, what a cheery soul you are! Anything good happening in the world other than the money you have made on the back of your short?

[savogi] 12/10/2015 20:26

Will The Discovery Of Huge Amounts Of Oil In Israel Lead To War In The Middle East?

[savogi] 12/10/2015 20:11

The world economic order is collapsing and this time there seems no way out

[johnwise] 12/10/2015 14:11

Barclays and Google for Work launch pilot lending program for SMEs in UK

[cmillar] 12/10/2015 11:11

I seem to have missed your previous posts on ST.

Would you mind reposting please.

[johnwise] 12/10/2015 08:17

Nasdaq has released a module for the Smarts trade surveillance platform for monitoring trading activity conducted through dark pools.

[mbmiah] 11/10/2015 18:05

Savogi,What exactly do you propose we do here? Sell every stock that one holds?Well that would cause the market to crash, right - aaaaaaah, you clever boy you. Just chill dude, as long as you ain't in the market - then you won't lose any money.

[prambigear] 11/10/2015 12:59

It is well known that you can only predict the previous crisis, just like you can only predict the last war!

[savogi] 11/10/2015 09:44

mattboxy 4 Oct'15 - 09:44 - 113088 of 113101 1 0

10th jan 2015 for that doomsday article savogi so at least your dredging has found something from this year - still not answered the Qs we asked though!
Let's try to be honest shall we
---------------------------------------------------------------------------------

matt

I have already posted few times in details why stress-test is nothing more than a scam or "Dodgy MOT".

There's an old saying: Fool me once,shame on you. Fool me twice,shame on me.

I wouldn't listen to these so-called economists who miss predicting every crisis beforehand if i were you.

[johnwise] 09/10/2015 16:17

Sir Gerry Grimstone said to be in talks over top Barclays role

[johnwise] 09/10/2015 12:58

Bank of England quizzing UK banks over commodities exposure -

[mj19] 09/10/2015 11:09

This is so slow to move