Barclays Share Discussion Threads

[alphorn] 24/9/2018 21:11

………;which rather supports McFarlane's statement.

[m1k3y1] 24/9/2018 19:29

Alphor, I doubt it very much.

[alphorn] 24/9/2018 18:18

A quick trawl gave me the total PPI policies sold since 2001 as £50bn.

If the final claim figure is £40bn then even adjusting for other costs it means that the majority of policies were sold fraudulently.

Is that probable???

[bernie37] 24/9/2018 17:39

MoneySavingExpert.com founder Martin Lewis has hit out at comments from Barclays chairman John McFarlane, who claimed in a newspaper interview this weekend that the PPI scandal has turned "portions of Britain into fraudsters."
Speaking to The Mail on Sunday, McFarlane said that an "enormous" proportion of claims for compensation over mis-sold payment protection insurance have been bogus. But speaking on BBC Radio 5 Live, Martin has said his comments were "a little rich" and Mr McFarlane should have "kept his mouth shut."

The latest Financial Conduct Authority (FCA) figures show £32.2 billion has been paid out to PPI claimants since 2011, and some estimate the total of mis-sold policies to be around £50 billion.

But Mr McFarlane said in his interview that it was "almost inconceivable to think that £50 billion was missold."

If you've been mis-sold PPI, the clock is now ticking. With the regulator spending millions to advertise the 29 August 2019 reclaim deadline it'll likely jam up the system, so act now to beat the backlog. See our Reclaim PPI for Free guide for full help.

Martin: 'This is absolutely outrageous'

Speaking on BBC Radio 5 Live, Martin said: "You'd say this is the pot calling the kettle black, but it's more the cauldron calling the thimble black. This is just absolutely outrageous.

"We have to remember that banks' PPI selling was a systemic, deliberate, scripted protection racket that raked in well over £30 billion by selling insurers' policies, and then an average of 66% of what people paid just went to give [the banks] a bung in the form of commission.

"These were policies where the premiums you paid were sometimes more than the maximum they would ever pay out, and people were lied to that they were compulsory.

"This was a fraud on one of the biggest scales we've ever seen in the UK and not one banker has been prosecuted for it. So I find it a little rich that the boss of one our biggest banks decides to call out the public for fraud.

"I think the man should have kept his mouth shut."

[bernie37] 24/9/2018 17:38

Martin Lewis criticises 'outrageous' PPI comments from Barclays boss

hxxps://www.moneysavingexpert.com/news/2018/09/martin-lewis-criticises--outrageous--ppi-comments-from-barclays-/

[portside1] 24/9/2018 17:29

PPI fuelling fraud culture, says Barclays boss

well mr mc liar it is you that is the faud along with all the other directors

you failures and fraudulent bod you have failed and just milked the system to your own ends

the silence on your very poor performance of the bank is disgusting ,

calling the public frauds when you ae the biggest frauds and crooks
4 years of failure from you so called directors

you are a damn disgrace

[portside1] 24/9/2018 15:24

KEN HAS YOU ARE WISE AND HONEST . TELL ME HOW CAN THE PI INVESTORS GET SCRIP AT 185.P

AND THE DIRECTORS GET THEIRS FOR 173P

IT STINKS AND DISGUSTING THAT THEY USE A DIFFRENT SCRIP FOR THEM SELVES

OR IS THE RNS WRONG

[jordaggy] 24/9/2018 13:45

Good to know Jp. Thanks.

[jpjohn1] 24/9/2018 13:41

GLEN. GlencoreSHP. ShireEXPN. ExperianFERG. FurgusonIAG. International consolidated AirlinesRRS. Randgold TUI. TUI AgThese are I the FT 100 their are more in the 250, like I said handy in your portfolio

[jordaggy] 24/9/2018 13:24

Yes JP, put them on...

[jpjohn1] 24/9/2018 13:02

Quite heavy in a few other companies at the moment. I think it's a good share, one of my favourite stamp duty shares. If I totalled all my purchases up over the years here it would be in the millions of pounds. Will get back in here at some point. I also deal a lot with none stamp duty shares. Their are a few in the FT100 that you can buy, you can save yourself a fortune, I think we all agree we pay too much tax and it eats into your profits. These only have to go up a small amount to make a profit ( Brokers buy & sell costs) I can always put these companies on if you want, they are quite handy to have in your portfolio

[drylatt] 24/9/2018 12:41

Thanks JP. Why dont you own any BARC?

[jpjohn1] 24/9/2018 11:42

Broker Forecast - Credit Suisse issues a broker note on Barclays PLCCredit Suisse today reaffirms its outperform investment rating on Barclays PLC (LON:BARC) and raised its price target to 240p (from 235p). I don't own any at the moment, just put it on for you chaps

[kenbachelor] 24/9/2018 10:43

Portside - You are an unhappy soul this morning. I hope you cheer up soon.

[portside1] 24/9/2018 10:41

HE WILL OF READ THIS BY 2PM

[portside1] 24/9/2018 10:40

to mc farlane you say the public fiddling ppi . WELL YOU HAVE DEFRAUDED THE OWNERS

YOUR SILENCE SINCE YOUR STATEMENT ON DOUBLING THE share price IS A DISGRACE

YOU ARE A FRAUD , WHEN ARE YOU GOING TO SPEAK ABOUT YOUR FALSE STATEMENT
YOU SACKED JENKINS FOR BEING A FAILURE , 4 YEARS LATER THE BANK IS DOWN 33%

SO WHY ARE YOU SILENT AND DEAD ,

DO YOU HAVE NO MORALS , DO YOU NOT THINK YOU ARE A DISGRACE
HOW CAN ANYONE HAVE RESPECT FOR A SILENT PERSON WHO MISLED INVESTORS

DO THE RIGHT THING AND RESIGN TODAY

[portside1] 24/9/2018 10:34

its stinks it criminal and fraud , Barclays under mc ;liar as become a bank of crooks , its time to sack the useless simple man /

remember the lady on CNBC saying he was not that good just a user well her words are now fact

Barclays run by greedy pigs , and silent pigs .

22 weeks

[m1k3y1] 24/9/2018 10:06

Agree portside.
If there is a 'better deal' for them,I suspect it will be part of their service contract ?
I disagree with it though.
They should be treated the same as regular shareholders.

[portside1] 24/9/2018 09:44

Nature of the transaction Reinvestment of the interim dividend
for the year ending 31 December 2018
by Barclays Global Nominee Limited,
an independent nominee.
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s): Number
of Shares received
GBP1.7390 25,696

scrip div share price was 185.48p do directors get a better deal yes it their to see

why do they get a better deal is it criminal why have they not used their scrip service

[portside1] 24/9/2018 09:08

ten, I note your posts just look at mc liar going on about fraud over ppi

he is a fraud milking the bank along with the directors for their own ends it is thos that are the FRAUDS ,

THEY ARE SILENT ON THE POOR PERFORMANCE OF THE BANK .

THE BANK AS FALLEN OVER 33% UNDER THE CEO/CHAIRMAN IN 3 YEARES AND STILL SILENCE