Barclays Share Discussion Threads

[johnwise] 04/2/2018 08:36

Antony Jenkins, the former chief executive of Barclays, is lining up a return to the stock market at the helm of Currencies Direct, the foreign exchange and international payments group.

[shorty_blitz] 03/2/2018 17:03

Lol to the article posted above, funny how using your card to gamble in a casino is perfectly fine but buying a speculative cryptocurrency is not.

[tenapen] 03/2/2018 14:05

the Times is giving Barclays a few kicks today.

:-)

[johnwise] 03/2/2018 04:58

Bitcoin crackdown: Cryptocurrencies hit as major banks ban customers from investing

MAJOR banks have blocked their customers from buying Bitcoin in a fresh blow to cryptocurrencies as they fear the volatile prices and risks posed, a statement has revealed.

[bernie37] 02/2/2018 22:06

(ShareCast News) - The Financial Conduct Authority has warned banks and other lenders it is concerned about fees they charge customers for unauthorised overdrafts.
The regulator said charges for unauthorised overdrafts on current accounts were high, particularly when set against the small sums of money borrowed. It said it was prepared to intervene to improve the market for high-cost credit.

The FCA said it had looked at transactions for 1.5m personal current accounts. Lenders earn more from arranged overdrafts but "the proportion of revenues from unarranged overdrafts is significantly higher when compared to the amounts lent". More than half of total charges for unarranged overdrafts affected just 2% of accounts, it added.

"The FCA remains concerned about the high fees and charges for unarranged overdrafts, especially when compared to the relatively small amounts lent," it said.

The City watchdog said it would carry out further work on overdrafts and that it would be included in its examination of retail banking business models.

The warning on overdrafts was included in an update on the FCA's review of high-cost credit. The review also covers rent-to-own retailers, home-collected credit and credit for purchases from catalogues.

The FCA has already cracked down on rent-to-own and home credit operators. In October 2017 it ordered BrightHouse to repay £14.8m to 249,000 vulnerable customers who had taken out purchase plans for washing machines, televisions and other household goods. The regulator is also investigating Provident Financial's treatment of customers at its Vanquis and Moneybarn businesses.

Christopher Woolard, the FCA's executive director of strategy and competition, said: "High-cost credit products remain a key focus for us. We have already taken significant steps to address the risk they pose to potentially vulnerable consumers. This review and the analysis we have conducted so far give an emerging picture of the need to intervene in some parts of the market."

He said the FCA needed to take into account the social purpose of providing loans to people who cannot get them elsewhere. It wants to encourage other forms of credit for these customers as well as stepping into the market.

[johnwise] 02/2/2018 13:45

Bitcoin price drops below $8,000 for first time since November 24

Multiple virtual currencies have dropped significantly as regulators voiced concerns about them and worries grew over suggestions that the price of bitcoin has been propped up by popular exchange Bitfinex.

[alphorn] 02/2/2018 12:12

That guy must have used one hell of a leverage to generate those gains; hardly prudent.

[manics] 02/2/2018 11:54

If BARC was domicile in China they'd skin it like the dog that it is and sell the fur back to us as faux.

imo.

[solarno lopez] 02/2/2018 08:28

Burger van man ...wait for the bear market that will be the real test !

[johnwise] 02/2/2018 08:20

Burger van owner plays the stock market on the side - and has amassed a £9MILLION fund with prudent share trades

[johnwise] 01/2/2018 13:07

Bitcoin in India: Has India just destroyed Bitcoin? Will BTC now crash?

BITCOIN could have just been DESTROYED after India’s finance minister Arun Jaitley vowed to ban cryptocurrency and discontinue the use of bitcoin. Will the BTC price now crash after India threatened a digital cash ban?

[smurfy2001] 01/2/2018 09:13

clond, you better get busy then ;)

[clond] 01/2/2018 09:09

Billion pounds of buyING once again to get the 3%

[smurfy2001] 01/2/2018 09:04

Back to 210?

[johnwise] 01/2/2018 08:27

Trump tax reform is making foreign companies to invest in US

Video

[diku] 01/2/2018 08:13

If all Countries took industry jobs back home then what would the outcome be!!....car industry...

[diku] 01/2/2018 08:10

Apple got big Tax relief?...

[johnwise] 01/2/2018 07:58

"We need to re-industrialise, our trade deficit is crippling us."

A lesson for Theresa May - The Trump plan to re-industrialise and return jobs to America

Video

"Apple says it will now invest $50 billion in America and hire 20,000 workers"

[johnwise] 31/1/2018 14:09

Trump is putting out the message people want to hear "America First". He has flipped the USA from the mess it was a year ago.

Video: Donald Trump's state of the union speech

World trade: "The era of US economic surrender is over"

[bernie37] 31/1/2018 13:50

The worst two-day decline for the Dow Jones industrial average since September 2016 was not the beginning of the end of the bull market, the chief investment strategist at Raymond James told CNBC on Wednesday.
The U.S. futures were pointing to a rebound at the open on Wednesday after sharp losses on Monday and Tuesday.

"We actually think the secular bull market began in October 2008. That's when the majority of stocks bottomed," Wall Street veteran Jeffrey Saut said on "Squawk Box."

Saut's timetable for the start of the bull market after the Great Recession is about five months ahead of when the Dow and S&P 500 hit bottom in March 2009.

Either way, the market has been generally moving higher for about nine years, the second oldest bull market on record without at least a 20 percent drop in the S&P. During that time, the indexes have gained around 300 percent, not including dividends.

Saut, who has been in finance for nearly 50 years, said his long-term model has been positive since October 2008, but short-term there were some signals of "potential downside vulnerability" in February. Saut's modeling has been pretty accurate over the years.

"Sentiment got too optimistic," he said. "So over the past few weeks, we pulled in our horns a little bit, but it's just in the context of a secular bull market … that has years left to run."

The term secular bull market is financial-speak for a bull market trend that's happening over time.

"These things tend to last 14-plus years. So we're nine years into this one. I think you've got at least another five, six, seven years left in this thing, and not many people believe it," Saut said.

Katie Stockton, chief technical analyst at BTIG who tends to look at shorter-term trends, said the greatest risk of the "shallow pullback" of the past two sessions is market sentiment turning too negative.

"I think we need several more percent to the downside," Stockton told CNBC in an interview along with Saut. "That would help work off those sentiment excesses that the market has. And, of course, it would be associated with market volatility. But it should be very short-lived."

But Stockton, whose calls on the market have been quite accurate lately , said she does not believe stocks are in for a major correction, which is defined as a 10 percent decline from recent highs.

The latest leg of the long-running stock bull market kicked into high gear after the November 2016 election of Donald Trump as president. Since then, the Dow and the Nasdaq have gained more than 40 percent each, while the S&P 500 has advanced more than 30 percent.