Barclays Share Discussion Threads

[astol] 14/12/2016 13:46

Other banks seem to be doing ok but Barc down again ?

[clond] 14/12/2016 10:47

All the banks turning now ..

[mercer95] 14/12/2016 10:20

Barclays should benefit from the supposed fed hike later due to its US banking arm, Lloyds is totally UK based

[clond] 14/12/2016 10:01

What is for certain the playing with exchange rates is likely to see Barclays beat the forecasts once again in Feb. Where this leaves it compared to the favoured Lloyds is anyone's best guess.

[diku] 14/12/2016 09:49

Yes Dow punters see it differently only if you get the drift...some of the regulations are soo inter linked just like the markets are that withdrawing from one purpose/sector it might not benefit the other...

[saltaire111] 14/12/2016 09:42

UK employment numbers much better than expected. Employment levels down but by much less than was feared. Good numbers.

Salty

[alphorn] 14/12/2016 09:38

Dow punters see much differently. ;))

[diku] 14/12/2016 09:34

Yes it could do with modification & adjustments...but Dow punters are seeing it differently...they sure have put the cart before the horse....

[alphorn] 14/12/2016 09:29

Difficult subject. There has to be some regulation but instead of adding more and more they need to be re-evaluated and changed and perhaps some withdrawn.
The key has to be stability (avoidance of a mega crash) as you allude to.

[alphorn] 14/12/2016 09:15

Doubt it; the regulations have not done that much to stop dodgy dealings.

[diku] 14/12/2016 09:08

Anybody think reversal of regulations will encourage dodgy dealings & fraud...

[mbmiah] 14/12/2016 08:57

When's the next leg up .....any Chartists out there?

[smurfy2001] 13/12/2016 20:45

NEW YORK — After eight years of unrelenting scrutiny and billions of dollars in legal settlements, the banking industry suddenly is facing a more hospitable political climate in Washington next year.

Prior to November 8, Wall Street had been girding for a potential Democratic victory that would have empowered progressive firebrands like Massachusetts Democrat Elizabeth Warren, who has pushed to break up large banks and jail banking executives in the wake of the finanical crisis.

Instead, the Republican sweep of Congress and President-elect Donald Trump’s election in one fell swoop bolstered the chances for pro-growth measures, tax cuts and loosening of a whole swath of regulations, including the 2010 Dodd-Frank banking law passed in response to the crisis.

“You’re going to have a very substantial reversal in regulations of all types,” Blackstone Group chief executive Stephen Schwarzman told the Goldman Sachs banking conference Tuesday.

Schwarzman, a major Republican donor tapped by Trump to chair a advisory council of prominent business leaders, gushed that the election would usher in the biggest regulatory revolution in his 45 years in finance.

Trump’s cabinet appointments have furthered the sense that his presidency will be good for big finance.

And he tapped Goldman Sachs President Gary Cohn to lead the National Economic Council, according to reports Friday, his third major personnel pick from the prestigious New York investment bank following selections of Steven Mnuchin as Treasury secretary and Steve Bannon as chief strategist.

Critics have accused the president-elect of hypocrisy after he railed against Wall Street on the campaign and then brought many financial market insiders onto his team.

“We’re intensely worried,” said Bart Naylor, financial policy advisor at Public Citizen, a consumers advocacy organization.

“What we do have on our side is a public that knows the banks screwed them to get into the financial crisis.”

Wall Street itself is literally cashing in on the fat expectations.

The S&P banks index has surged more than 25 percent since November 8, lifting the entire sector, including Goldman Sachs, the midsized Capital One and regional banks like KeyCorp in Cleveland.

Yet Erik Oja, a banking analyst at CFRA, rejected the suggestion that big banks will win major rollbacks under the Trump administration. Smaller banks may win concessions, but big banks are still under fire.

“I don’t think there’s any political will at all to do any rollback for the largest banks,” Oja said, who added that there was still a remote chance large banks could face calls to break them up.

Oja attributed the rise in bank share prices primarily to rosier outlooks about the economy due to the anticipated pro-growth policies and the expectation the Federal Reserve will accelerate interest rate increases.

During the presidential campaign, Trump vowed to dismantle the Dodd-Frank law, whose main provisions include tougher capital requirements on banks, the creation of the Consumer Financial Protection Board and Volcker rule, which restricts the ability of big banks to make highly lucrative investments that do not benefit their customers.

Smaller regional banks in particular have complained about the burden of regulations meant to rein in excesses of the large banks that could take down the whole system.

Mnuchin took aim at the 2010 law last week, shortly after he was picked for the Treasury post.

“The number one problem with the Volcker rule is it is too complicated and people don’t know how to interpret it,” Mnuchin said. “So we’re going to look at what to do with it, as we are with all of Dodd Frank with the number one priority that banks lend.”

At the Goldman Sachs conference, large banks offered guarded optimism on regulatory relief they expect from Washington.

“The first thing I would ask for is nothing new, no new rules,” said Citigroup chief financial officer John Gerspach, who said unnecessarily high liquidity requirements crimp lending.

Bank of America Chief Executive Brian Moynihan estimated his bank was holding about $15 billion in “excess” capital due to overlapping regulatory requirements that could be returned to shareholders.

“At the end of the day, we are overcapitalized,R21; he said.

But Marty Mosby, banking analyst at Vining Sparks, said the changes have broadly succeeded since 2008 in safeguarding the financial system, even if there have been some regulatory excesses.

Overregulating and overcapitalizing big banks is preferable to the alternative “because you can’t have those banks failing,” he said.

[clond] 13/12/2016 17:40

Opens 232 and bombs the sellers tom

[portside1] 13/12/2016 16:21

Mms want your shares they are going panic holders to sell

[smurfy2001] 13/12/2016 15:15

Dear Lord Smurfy

I'm contacting you to let you know about a recent proposal from the Financial Conduct Authority (FCA), which would, among other things, increase the margin required (ie reduce the leverage) for CFDs and spread betting. If the proposal goes through you'll need to put more money on your account to trade with us, in some cases up to ten times more margin - see our example below.

The FCA is seeking to raise conduct standards across the industry, to ensure fair outcomes for all UK clients - and IG completely supports this. However, we think there may be tools that could better help the FCA in its important work. For example, limited-risk trading prevents clients from losing more than their initial deposit. German and French regulators have suggested this measure too, and we believe it might be more effective than raising margins for all.
Share your views with the FCA



As well as increasing margins (ie reducing leverage), the FCA has proposed:
• Firms must disclose their average client profit/loss, and use standardised risk warnings: This seems sensible to us. We believe in transparency and we think it is really important that people understand CFDs and spread betting before they open an account.
• No bonus promotions allowed: This appears to be a good measure. We don't think bonus promotions should be an important tool for winning clients.
• A full review of rules relating to binaries: The FCA believes that the inherent features of binary bets make them inappropriate for many retail investors. We believe binary bets and binary options are a useful tool for retail traders, if they are marketed and sold responsibly.

I've told you what we think, but what's really important is what you think. It's essential that the FCA receives opinions from everyone involved in the industry - especially traders.
How to share your views
The FCA has put together a simple form to enable you to share your views easily. When completing the form, please bear in mind:
• The proposals cover CFDs, spread betting and FX
• You don't have to complete all questions
• When the form asks you to say what company you are from, just write 'N/A'

If you prefer, you can also contact the FCA by email at [e-mail], or by
letter to:

CP16-40 - Wholesale Conduct Policy Team
Strategy and Competition Division
Financial Conduct Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

[astol] 13/12/2016 14:45

the dow wants to hit the 20000 mark and its only 100 points away

[clond] 13/12/2016 13:43

Barc wants to go down but ftse wants to go up !

[portside1] 13/12/2016 12:40

Back on sat then fly back out on Friday till mid Jan all being well. You can not plan at 69

[portside1] 13/12/2016 11:43

It's real hot here in lanzarote today it must be 28 so in the bar Barcs are ready to fly again ,

[smurfy2001] 12/12/2016 22:44

Possibly but what about Santa rally?

[diku] 12/12/2016 21:27

Guys just look at the header FTSE chart....is that a text book right shoulder formation hence FTSE weakness.....

[arja] 12/12/2016 19:53

diku- and they say the average pom is not a rascist !
on barc , FTSE had a bearish reversal today and might be a few down days to come . I only sold half my CFD holding and regret not selling the lot .