Barclays Share Discussion Threads

[smurfy2001] 11/4/2017 10:04

Panorama a real eye opener so it lead all the way up yet the grunts are the ones arrested. Typical.

[mbmiah] 11/4/2017 08:57

Thanks nakedtraiter....juicy gossip indeed.

[spoole5] 11/4/2017 08:17

How many headwinds in BARC now facing, now potential CEO replacement. The share price will have a 1 at the start by the end of the month.

[diku] 11/4/2017 08:09

Is there a golden goodbye coming for the CEO?...

[johnwise] 11/4/2017 06:22

ALEX BRUMMER: Griffith-Jones must quit as FCA chair as regulator probes Barclays and Lloyds scandals

[johnwise] 11/4/2017 06:01

Watchdogs probe whistleblower

The bank’s share price is affected, its reputation further eroded in the public’s mind; the FCA, forced into action, levies a punitive fine. The chief executive, whatever his other qualities, is forced out by a board anxious to ditch a now toxic asset.

[diku] 10/4/2017 23:12

One rule for the top & a different rule for the lower down!...

[montyhedge] 10/4/2017 20:53

Panorama tonight, could be trouble.

[nakedtraitor] 10/4/2017 20:28

I think a case like this completely undermines the credibility of the whistleblower process. Who in their right mind would be confortable now to bring up issues using this route? FSA would be mad not to demand Staley to get the boot.

[nakedtraitor] 10/4/2017 20:24

mbmiah, letter claimed that a very senior executive (whom Staley worked with in the past) has had "medical issues" (I think that means problems with alcohol or drugs).
I wonder what motives Staley had to try and find the author of the letter... obviously not take revenge.

[ayl30] 10/4/2017 12:45

Useless Barclays. Wanted to transfer money from share acc to existing ISA, having trawled through the 'how to' on their website eventually came to a bit that said I had to phone them and it could take 2 days to complete. What quill pen world do they live in, with Nationwide you can flick money around various acts but Barclays are too busy chasing whistleblowers to worry about customer service issues

[franceys] 10/4/2017 11:32

Quite correct Semper Vigilans post 121708 (great moniker by the way): this as many in The City have known for a long while was almost certainly a directive* from No. 10 when Brown was having panic attacks about the economy/banks. As rumour had it, it came via top civil servant there and with the poor old Paul Tucker left to handle this (criminal?) directive. If there were any real solid justice left in the UK then everyone from the former PM, his Cabinet Secretary and all Barclays's directors at the time should now be answering questions under caution. The defence of "we were only obeying orders guv" of course went out with the Nuremberg trials.

Don't hold your collective breath though as all the actions by the FCA/FSA heavy brigade have only come down on the little and intermediate men and given them a right pulping until that is the last case that was thrown out by the jury.

* Quote "we've had some very serious pressure from the UK government.."

[mbmiah] 10/4/2017 10:40

What did the letter say i wonder?

[portside1] 10/4/2017 08:45

its common knowledge who wrote the letter he was bragging about it

[semper vigilans] 10/4/2017 07:45

Gordon Brown et al.?

[johnwise] 10/4/2017 07:45

Barclays cuts CEO's bonus as watchdogs probe whistleblower

(ShareCast News) - City watchdogs have launched an investigation into Barclays chief executive Jes Staley's attempts to uncover the identity of a secret whistleblower at the bank, which went so far as to request assistance from a US law enforcement agency.

[portside1] 10/4/2017 07:39

if the SFO charges Barclays over the QATQA deal then the door is open to sue the BOE
over their actions over HBOS and not informing the market and Lloyds investors .
have e mailed the SFO two weeks ago no reply to my questions on illegal dealing by the BOE

[nakedtraitor] 10/4/2017 07:17

So Mr. Staley thought it was permissible to try and identify the author of the letter? Any employee who claims not knowing the bank's policies, after undertaking training on annual basis, would get the sack after an incident like this. Why are they allowing Mr. Staley to hold on to his job?

[gretel1921] 07/4/2017 23:26

Sounds all good to me.
Wish my shares were 235p !!

[bernie37] 07/4/2017 21:52

Could Barclays (LSE: BARC) be the runaway winner in the banking sector in 2017 and beyond? Let me tell you why I think it could.

The key thing for me is that Barclays is the one that has firmly grasped the Brexit nettle, and it fully understands what it needs to do to minimise the negative effects of the UK leaving the EU.

Along with the bank’s third-quarter results, chief executive Jes Staley reiterated the goal of Barclays’ restructuring, which is to create “a simplified transatlantic, consumer, corporate and investment bank“, with the dumping of non-core businesses as quickly as possible being a key step along the way.

Looking out
That more outward-looking strategy should favour Barclays over rivals more focused on the UK and the EU, although I actually remain convinced that the rest of the UK’s banks aren’t in as much danger as many seem to think.

Barclays’ slashing of its dividend in order to focus expenditure on its restructuring was a bold move, and a smart one. The others must surely be wondering, in the wake of the referendum result, whether their own strategies of ramping up their dividends as they emerge from the banking crisis are perhaps now looking a bit foolhardy. Lloyds Banking Group, for example, is still forecast to provide a yield of nearly 6% in 2017, at a time when EPS forecasts look weak.

Share price boost
As a mark of confidence, investors have pushed Barclays shares up since their 2016 nadir of 121p, and today they stand at 235p. That’s an impressive performance, but it should also sound a note of caution, as it has pushed the shares up to a P/E of 18 now, based on 2016 year-end expectations — Lloyds shares are on a P/E of just half that.

Still, the City’s analysts are predicting a 50% rise in earnings for Barclays in 2017, which would drop the P/E to a more respectable 12. That’s still a relatively high rating for a bank right now, and I wouldn’t be at all surprised if we have a pause in the recent bullish run in the first half of the year. But if results continue to show positive restructuring progress, I can see an overall upwards trend continuing through the year.

What about the dividend?
When will Barclays’ dividend start rising again? When the bank announced the cut at the end of 2015, we were told to expect 3p per share for 2016 and 2017, so a resumption of growth this year appears to be out of the question. And the firm’s statement that it expects to “pay out a significant proportion of earnings in dividends to shareholders over time” (my emphasis) suggests to me that if we see any rise in 2018 it will only be a small one.

But that to me reinforces the nature of Barclays strategic plans, that they really are aimed at the long term and not at satisfying shareholders with short-term pocket money.

Barclays’ 2017 will be very much not about 2017 itself, but about setting the bank up for the years that follow. And I like that kind of long-term thinking.

Can Barclays help you make a million?
Investing in shares like Barclays for the long term really is the best route that most of us can take to achieve millionaire status.

[johnwise] 07/4/2017 13:05

Lawyer questions SFO's retrial request in Barclays case

A solicitor whose client was cleared of wrongdoing in relation to the Libor rigging scandal has questioned the Serious Fraud Office’s decision to seek a retrial in the case.

[tenapen] 07/4/2017 08:43

Capitalism works ...... for them at the top,



Not for the rest of us.

[bernie37] 06/4/2017 18:19

hxxp://www.4-traders.com/BARCLAYS-PLC-9583556/financials/