Barclays Share Discussion Threads

[aja5] 13/4/2009 17:31

They bought euros @ 146..at the top !!

[isis] 13/4/2009 17:30

The Bears are Revolting!
LOL

[capricious] 13/4/2009 17:30

but they sold gold when it was at the bottom, which cost the uk economy billions


And did Darling really say that - kiss of death springs to mind.

[aja5] 13/4/2009 17:27

To be fair guys,and I am no labour supporter,they sold the gold and bought euro's !!!

[capricious] 13/4/2009 17:27

hillbrown - which is about the new resistance level for barc

[bailiffs] 13/4/2009 17:25

Good heavens, you are thick Smelgy

and lonely




..like your bosom pal Alastair Darling, you know how to a) Get it all wrong


and b) How to annoy intelligent people!

[bailiffs] 13/4/2009 17:14

Those dimwit remarks above, quoting A. Darling, the current Chancellor, are as good a reason as any to sharpen the knives IMO.

[hillbrown] 13/4/2009 17:04

BARC

NY 11.17

1.4829

equivalent £1.883

nice

[isis] 13/4/2009 16:58

BANK OF AMERICA CORP - NYSE: BAC
Real-time ECN Quote*
Last Change (%) Trade Time Bid Ask
10.30 0.75 (7.85) 12:35 10.29 (34) 10.31 (57)
Exchange Quote
Last Change (%) Day Volume
10.22 0.67 (7.02) 345,571,681

[smelgy] 13/4/2009 16:44

........agreed isis. But if you beleive anything Darling says, then, well join the loathed club.

[gcom2] 13/4/2009 16:32

Smelgy has a short open from 95p £100/point. that would make anyone a bit grouchy lol

[isis] 13/4/2009 16:30

'Worst of bank crisis is over' declares Darling as he hails success of £1trillion bailout

By Simon Duke
Last updated at 10:11 PM on 12th April 2009

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Alistair Darling believes the worst of Britain's banking crisis has now passed.

After committing over £1trillion to shoring up the UK's battered banks, the Chancellor is now confident that further major surgery won't be required, Treasury sources said.

As he begins finalising his second budget this week, the focus has now shifted decisively to repairing the deepening holes in the public finances, the sources added.
Chancellor Alistair Darling says he's satisfied the Government's bank bailouts have worked

Chancellor Alistair Darling says he's satisfied the Government's bank bailouts have worked

The bailout of Royal Bank of Scotland and Lloyds went much more smoothly than Darling had anticipated.


More...

* SIMON WATKINS: Do we want banks to be nice or not?

Under the plan, the two state-controlled banks dumped £585bn of high-risk loans into the government's toxic asset insurance programme in return for boosting lending into the economy.

But a warning over the ballooning pension deficits at Royal Bank of Scotland and Lloyds Banking group could darken the Chancellor's mood.

Pensions advisory group Hymans Robertson has flagged up a combined shortfall of £18bn at the two banks.

At RBS the deficit has soared from £8bn to £12bn over the past three months, with a black hole of £6.2bn emerging at Lloyds, according to Hymans Robertson.
The Government believes the banking system has now stabilised and no further major intervention will be needed

The Government believes the banking system has now stabilised and no further major intervention will be needed

The Chancellor is also understood to have been heartened by the clean bill of heath recently handed to Barclays by the City watchdog.

The Financial Services Authority said Barclays did not need to raise more cash after putting its loan book through a rigorous 'stress test', assuming a severe recession lasting three years.

Barclays last week sold off its iShares funds business to US private equity group CVC for £3bn.

But sources close to the bank last night signalled that chief executive John Varley is open to offers for Barclays Global Investors, its prized asset management wing.

As part of the CVC deal, Barclays has a two-month window to look for a better price for iShares, which is part of BGI.

Despite a £120m break fee, Varley would have to consider offers for the whole of BGI.

A sale of the division would bring in an estimated £8bn, which would kill all concerns over the health of Barclays' finances.

[lundhousegreen] 13/4/2009 16:23

US Barc. up 2% tonight also.

[pennstreet] 13/4/2009 16:20

Getting ready for a good run tomorrow - as the US banks did on Thursday :o)

[smelgy] 13/4/2009 16:15

........actually JayWood your'e spot on there with the list. I think with the exception of Mervyn King who I actually think is a good governor. I loathe this government with a hatred second to none. Then again I loathe most of the human race anyway.

[smelgy] 13/4/2009 16:13

.........Happy Easter JayWood! Ready for the fall tomorrow then?

[smelgy] 13/4/2009 16:00

...........absolutely LOVED the headline in the Weekend FT. "Barclays faces tough questioning over Ishares sale".

Maybe greed is going to get the better of some on here at last. Their own stupid faults.

[chancer] 13/4/2009 16:00

"Sell in May and go away" will miss the boat !! This will be the one year that the rule will not apply.