Barclays Share Discussion Threads

[diku] 07/7/2016 08:16

So these European Banks are in dire positions only becomes news after Brexit....if Brexit hadn't happened was it all a cover up?...

[johnwise] 07/7/2016 08:04

Barclays launches digital portal for armed forces personnel and veterans





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[manics] 07/7/2016 07:24

Butler: All Hell Breaking Loose with European BanksAs shares of large European banks, including the oldest surviving bank in the world, continue to plunge, John Butler, a former Managing Director at Deutsche Bank and now Vice President and Head of Wealth Services at GoldMoney, predicts vast swathes of European bank nationalizations, bail-ins, and seizures in the coming weeks and months if things continue to deteriorate.Here's a portion of what he told Financial Sense Newshour airing on our premium podcast tomorrow:"The situation with European banks is 'dire'. It's actually been dire for some time...and the ECB has been buying time but the fundamental problems have not been solved.The European economy in the aggregate has not grown since the financial crisis in 2008...(and) is in deep, deep stagnation...Now, because you also have all of the global developments of China slowing down, US growth being weaker, and of course the uncertainties raised by the decision the UK took recently to initiate a departure from the European Union, all of these things are really slamming the European banks hard...All hell is breaking loose but it's breaking loose on what was still an extraordinarily weak financial foundation...The fallout from the banking crisis, which again was underway long before the Brexit vote, will continue and it's probably the case that significant portions of the European banking system will be outright nationalized--it won't happen tomorrow--but it will happen over the coming months and quarters..."

[isis] 06/7/2016 19:43

One of the biggest problems with the EU is Brussels are treating them all as equals when they are clearly not. This is causing imbalances and resentment.


On top of this Merkel is acting like a Dictator inviting people in from allover the place willy nilly whether they are Asylum Seekers or not.

It's a feking mess.

[johnwise] 06/7/2016 19:41

Be aware of the date 31st March 2017 when Article 50 of the Lisbon Treaty expires, and the European Union becomes ” fully integrated “. To leave the Federation after that date will need the agreement and approval of a majority of member provinces, what were known as countries. You will be locked in, there is virtually no way out..... So if Austria, Hungary and others want to get out of the E.U.....including us then Article 50 notifications must be in before 31st March 2017.

That is why Theresa May if she gets to become PM will try and string it out until 31st March for signing Article 50, as of 1st April it will be out of her hands and we will be fully integrated into the EU with no way out. She can then hold her hands up and blame everything and everyone, but herself. Pretty much doing the same as she has done for the last few years in charge of the Home Office and letting us be walked over by the EU.

[terminated] 06/7/2016 19:10

We can't adopt the Norway model with credibility because they still have to have open borders. Either the EU relinquishes on it open door policy until the poorer nations come up to an acceptable standard or we simply abandon the leave option. Italy is far from rich but you don't see them streaming across the border like the Poles and Romanians because they are in a different league. The EU can stop this but if they wont allow us to control our borders then there is no point in honouring the Brexit vote (then we abandon democracy). The EU commission are dictators and it is unlikely they will relinquish power, and more importantly they can't be voted out and replaced with more conservative people. It's a rock or hard place.

[barbar7619] 06/7/2016 18:55

Never seen such chaos as we have atm with infighting in both parties on top of all the doom and gloom because of brexit. Well if we haven't talked ourself into recession we never will after all this. I'm out till the dust settles. Sold all my pension pot till I get some sort of bargain entry level!

[isis] 06/7/2016 18:33

Norway is tiny in comparison to the UK.

[portside1] 06/7/2016 17:17

ANY ONEPAYING INTO A PENSION ARE IDIOTS .
they will never pay out in 5 years time busted flush down to allowing companies to pay massive bonuses and salaries for failure ,

nigh on all the top 300 companies are paying far to much

I say this if your daft enough too put money into a pension fund you deserve to be poor

[topicel] 06/7/2016 16:48

Indeed, a complete renegotiation on the Norway model is required IMHO Mr. Woodentop.

That Soc. Gen. Chairman who is worrying about an Italian bank crisis said as much too. He believed we should request the Norway model with 'tweaks' to suit our own circumstances on immigration. If that was agreed - Norway model with discussions - as soon as we have a new PM then at a stroke the Market would turn positive as we would be remaining in the EU for trade. Whatever May or whoever then negotiated as our own version of the Norwegian model on immigration would perhaps require some leeway on things like Euro clearing - the French want that relocated to Paris - and other such tempters...

It might not be the ideal for everyone, but then nor is voting for Xmas if you're a UK or EU turkey where no-one wins. The market will turn on them in good time regardless if they don't come to the table.

Topicel

[mr woodentop] 06/7/2016 16:06

Unfortunately i think it will be 5 years before we get some stability and then with a generally lower growth rate than we've been used to. Unless, of course, our government actually grows some dangly bits, doesn't initiate clause 50 but renegotiates properly our position in Europe.

[dr biotech] 06/7/2016 16:01

Brexit is the reason the £ has crashed. I think we are heading for real trouble, our manufacturing base is only 10% of GDP so we won't feel the benefit of a lower exchange rate - its just going to get worse as we rely on imports.

Inevitable short term pain of leaving. When or whether it will improve is anyones guess.

[optomistic] 06/7/2016 15:56

Very true Porto, and they have been that for the last four years and it is now just coming to a head. Luckily for them they can now lay the blame on Brexit and not themselves!

[portside1] 06/7/2016 15:45

THE UK AS NO GOVERNMENT , THEY HAVE PROVEN TO BE USELESS AND LIARS

[runwaypaul] 06/7/2016 15:27

waiting for an Italian bank to blow up next.

[portside1] 06/7/2016 15:20

SMURF I AM FINE ready to buy more stock . I never allow the big girls to have them all

[alphorn] 06/7/2016 15:16

Portside - it might help to differentiate beween pessimistic and realistic.

Only a complete fool would say that there is no uncertainty, which equals down.
Probably lesson No 1.

[smurfy2001] 06/7/2016 14:48

port, you voted out, l voted out. Gotta ride the bumps now.

[portside1] 06/7/2016 14:37

CARNEY IS FAR FROM BEING BRIGHT MORE A DIMWIT .UMLESS HE IS TALKING THE MARKET DOWN FOR IS INVESTOR FRIENDS WHICH I THINK IS COORRECT

[portside1] 06/7/2016 14:35

low interests are killing the uk . and is going to pay for its low rates .
pension funds are in bad shape . and the talk from CARNEY IS DOING A LOT OF HARM TO THE POUND NOT BREXIT

[che7win] 06/7/2016 14:20

Carney should keep keep his mouth shut.