Barclays Share Discussion Threads

[m1k3y1] 29/5/2018 09:45

Today is down to Italy I believe.
Despite the lacklustre performance of the BoD.

[diku] 29/5/2018 09:43

What ever the board says is just not working...porty where are you?...

[clond] 29/5/2018 09:23

5% out then 5% in clocks a healthy balance.

[manics] 29/5/2018 09:22

Nailed it. AgainMore realness.More truth.Thanks.

[manics] 29/5/2018 08:49

Less than 1% now. Come on BARC.

[manics] 29/5/2018 08:33

1% dignity remaining.

[johnwise] 28/5/2018 14:01

Tommy Robinson Arrested and Imprisoned, Media Silenced | True News

Video Stefan Molyneux


From Paul Weston

The Orwellian Jailing of Tommy Robinson
Video

[diku] 27/5/2018 18:26

Barc is getting some attention...would like to see a mega banking deal...long time since the last time...banking deals tend to happen when markets are at highs...

[m1k3y1] 27/5/2018 16:16

Personally I am unconvinced about BARC winning over Investors and I suspect that Bramson hasn't even started yet.

[m1k3y1] 27/5/2018 16:15

The Telegraph
Barclays wins over investors in battle with activist Edward Bramson

[m1k3y1] 27/5/2018 16:13

All the more reason, I would have thought, to spin off the IB.
It might even become an opportunity for an american Bank, given the advantageous tax situation.

[smurfy2001] 27/5/2018 15:01

I guess this is good news for Barclays, won't do much for the share price though as expected.

===

Deutsche's retreat from global investment banking

The big bucks from advising on and financing big deals and from trading securities will now be made almost entirely by US banks.

[bernie37] 27/5/2018 09:51

RUTH SUNDERLAND: Britain needs a real business bank... not just another casino

Do we really need a big British investment bank? I ask the question because Jes Staley, the chief executive of Barclays, apparently believes we do.

[manics] 26/5/2018 07:51

Here is a man not afraid to stand up at an AGM.

[bernie37] 25/5/2018 17:48

Ex-Barclays Wealth Head Wins Million-Dollar Payout Over Stifel Deal
May 25, 2018
A Finra panel has ruled in favor of a former head of Barclays Capital’s wealth management unit, ordering the firm to pay $2.7 million allegedly owed him for helping push through the unit’s sale to Stifel Financial, according to InvestmentNews.

Thomas Lee filed a claim against Barclays in 2016, claiming breach of contract, breach of implied contract and more, originally seeking $3.7 million in damages and lawyers’ fees, according to the Finra award document.

In December 2015, when Barclays sold its wealth unit to Stifel, Lee headed Barclays Wealth and Investment Management, Americas, according to his LinkedIn profile. Barclays had bought the business as part of an acquisition of several Lehman Brothers units in 2008 in the midst of the financial crisis, according to InvestmentNews.

By mid-2015 the wealth unit’s advisor count stood at 180 people and they oversaw $56 billion. Lee “was a key man” who ran the entire unit and ensured its advisors were on board to transition to Stifel, Jonathan Sack, Lee’s lawyer, tells the publication.

“As a senior leader he spent many months selling and coaxing [advisers] to move to Stifel, a regional firm,” he tells InvestmentNews.


Barclays failed to fairly compensate Lee for his help, according to Sack, the publication writes. A spokesman for Barclays tells InvestmentNews the company is disappointed by the panel’s decision, believing the award to be “unfounded.221;

[johnwise] 25/5/2018 17:45

'BE NEUTRAL!' Bank of England's Carney accused of using 'Brexit as a scapegoat'

THE BANK of England could turn back to quantitative easing measures if the results of the ongoing trade negotiations between the UK and EU result in a “disorderly” Brexit, according to Mark Carney.

[bernie37] 25/5/2018 16:37

Barclays is also making cuts to its equities business
by Sarah Butcher 8 hours ago

Barclays equities cuts

It's not just Deutsche Bank: Barclays is making redundancies in its equities sales and trading business too.

Barclays insiders say the bank made cuts to its London cash equities team yesterday, with further layoffs expected on both sides of the Atlantic. MiFID II is thought to have been the trigger for the redundancies.

Barclays declined to comment. The cuts are understood to have included much of the bank's institutional corporate marketing team, which arranges corporate access meetings between equity researchers and institutional clients. The team is led in EMEA by George Carswell, whom Barclays hired from Goldman Sachs in 2013. Corporate access is separately chargeable under MiFID II and in a recent survey of fund managers by the Financial Times, 57% said they wouldn't pay for it.

Equities sales professionals and equities sales traders are also understood to have gone. Dominic Watt, a equity sales trader focused on the banks sector, is said to be among the exits, along with Vijay Chauhan, a US-focused equity salesman in London. Both men are highly experienced: Watt began his career at UBS in 1998 and worked for ABN AMRO, Citi, Fox-Pitt, Kelton, and SocGen before Barclays; Chauhan began his career at Merrill Lynch in 2002 and joined Barclays from Lehman in 2008.

Insiders suggest that further cuts are coming, although only a handful of people have been affected so far. Barclays hired Stephen Dainton from Credit Suisse as head of its global equities business in September 2017. Dainton subsequently hired Nas Al-khudairi, Credit Suisse's head of electronic products. Under Dainton and Al-khudairi, Barclays is thought to be building its electronic business while cutting areas of cash equities affected by MiFID II. The cuts are understood to be result of Dainton's review of the business.

Revenues in Barclays' equities business rose 28% year-on-year in the first quarter of 2018 (or 48% on a US$ basis), making it one of the best performing equities businesses in the industry. Barclays hired 18 managing director and directors for its equities business globally in 2017.

Barclays has continued hiring for its equities business this year, adding eight managing directors and directors in the year to date. Earlier this month, Dainton hired former Credit Suisse colleague Matt Pecot to run Asia Pacific equities. In Europe, Barclays hired Emmanuel Cau, a senior global and European strategist from J.P. Morgan. In the U.S.(outside the immediate range of MiFID II), Barclays has been building its equity research team. In the first quarter of 2018 it recruited David Strauss, an aerospace analyst from UBS, Steve Valiquette, a healthcare analyst from BAML, Julian Mitchell, an industrials analyst from Credit Suisse, and Eric Beaumont, a power and utilities analyst who previously worked for Barclays but quit for a year to work in business development for American Water.

[manics] 25/5/2018 15:18

portside1: it is sad imo.

[portside1] 25/5/2018 14:48

damp squib we have the biggest one in mc liar why has never said I was a liar or just a fool and made a big mistake , 3 years of nothing for millions its criminal