Barclays Share Discussion Threads

[johnwise] 16/5/2019 15:08

When Clinton left office he pardoned 450 criminals and this act was called "Pardongate" and Bush pardoned 75. On his last day in office Obama pardoned 330 criminals... A world record for any US president..

Long overdue

"Trump pardons Conrad Black"

[m1k3y1] 16/5/2019 12:38

A Prime example of what's wrong with corporate america and the rest of the world !
Conrad Black: Trump pardons ex-media baron 'friend'


"In 2007 Black was convicted of defrauding Hollinger International shareholders of $6.1m (£4.7m), by paying himself a tax-free bonus from the sale of newspaper assets without the approval of the company's board."

[m1k3y1] 16/5/2019 12:33

Alphorn.....nothing new here . Just look at the news over the last 10 years, it is corporate greed that is at the root of this . Same in the car industry, Enron, Oil etc etc ...it is happening everywhere but you only know about it when people get caught.
Unfortunately, getting caught appears to have no impact at all with regard to stopping Corporations doing it !

[m1k3y1] 16/5/2019 12:28

John...rather than posting a link to some unreferenced , undated, unspecified article , it would be more helpful if you can post information from Thomas Cook which supports your view that it is because of terrorism that Thomas Cook have lost 1.5B

[alphorn] 16/5/2019 12:13

This is almost unbelievable. Is there nothing that is not rigged?

"EU fines five banks €1.1bn over foreign exchange cartel. Traders at RBS, Barclays, Citi, JPMorgan and MUFG used chat rooms to rig foreign exchange spot trading".

[johnwise] 16/5/2019 11:24

How Has Terrorism Affected Tourism?

Terrorism has affected the tourists' perception with regard to travelling and the risk associated with it.

[diku] 16/5/2019 11:20

Brexit has become a second nature excuse...it has been laid out on the plates for insiders...whilst their own lifestyle just carries on as normal...

[m1k3y1] 16/5/2019 11:15

More fines.
EU fines five banks €1B for forex rigging

[m1k3y1] 16/5/2019 09:38

Complete and utter nonsense. Their figures have nothing to do with Terrorism.

[johnwise] 16/5/2019 08:12

"The era of economic surrender is over"

Trump’s economy will be hard to beat in 2020: Turning Point USA founder

VIDEO

[buywell3] 16/5/2019 07:53

Pork price expected to rise by 70% by the end of 2019

1.4 BILLION Chinese consume around 60Kg of pork per person per year

Inflation in China due to African Swine Fever is escalating rapidly

Protein prices for all meat/poultry/fish products are expected to rise globally as a result

ASF will be a worldwide problem for 5 years


watch the video

[johnwise] 16/5/2019 07:31

Of course the Left are defending Communist China, who in my opinion are & have been, a much bigger threat than Russia. I hope the tariffs bring them to their knees.

VIDEO

LINOs Defend China, Chastise Trump for "Endangering" Apple

Video

Hannity: Deep state is in deep trouble
Video

[diku] 15/5/2019 21:55

10 pints this evening?...

[portside1] 15/5/2019 21:54

Just back from spoons good day , and barc up

[johnwise] 15/5/2019 21:50

British State pension lower than Mexico..

An OECD survey found that Britain paid out the lowest state pension compared to average national wage amongst all major countries. 29% against an average of 62.9%. The Netherlands pays 100.6%, Portugal 94.9%, Italy 93.2%, Austria 91.8%, Spain 81.8%, Denmark 80.2%, France 74.5%, Belgium 66.1% and Finland 65%. Britain is lower than Mexico even.
This begs the question, "where has our government stashed our contributions" because they keep saying the pot is empty.


Pensioners need an extra £60 a week to get by because the state pension doesn't cover their basic needs, report finds

[mondaytuesday] 15/5/2019 18:49

Time to throw out the trash.



portside1 13 May '19 - 22:27 - 130493 of 130533 (Filtered)

[maywillow] 15/5/2019 11:03

I WONDER WENDY WHETHER BARCLAYS A LITTLE BIASED





Barclays analysts call for UBS strategy overhaul, suggest break up of Swiss bank
Published an hour agoUpdated 11 min ago
Elliot Smith
@ElliotSmithCNBC




In 2017, UBS became the first international wealth manager to establish a presence in the Qianhai free trade zone, aimed at boosting financial cooperation between Shenzhen and Hong Kong.
Evelyn Cheng | CNBC
Key Points

Barclays analysts cut the price target for UBS by 6%, questioning its ability to generate satisfactory returns.
A note published Monday suggested a possible break up of the Swiss bank.

Barclays analysts have questioned the ability of UBS to achieve satisfactory returns, suggesting market expectations of the Swiss investment bank are too high.

In a note published Monday, Barclays European banks analysts Amit Goel, Jun Yang and Krishnendra Dubey cut their price target for UBS by 6%, and suggested the bank may need a strategy overhaul to avoid weak profitability. However, they also noted that no imminent changes were expected.

Justifying their “underweight” position on UBS compared to the neutral industry view, the analysts said that while the market environment may be challenging, competitors focusing on niche products were “generating much higher RoEs (return on equity).”

“Many investors we speak to believe that UBS should also be able to achieve higher returns, and have been frustrated for some time in this regard.”

The note specifically referenced Swiss private bank Julius Baer, which most recently reported underlying pre-tax return on tangible investment (RoTE) of 33% for 2018. UBS is currently targeting RoTE of 12.5% in 2019, although sell-side analysts do not currently expect the group to achieve this.

Along with questions of organization, the note also questions whether more broadly, it would make sense to “break up” the UBS group, and whether the “costs of size are more than outweighing the benefits?”

The analysts acknowledged the common justifications offered for weak profitability, including the global nature of the business and structural costs of spanning different jurisdictions. The fact that the group’s U.S. business has a structurally low operating margin, but is “tax efficient,” was also cited along with the significant amount of capital tied up in the investment bank.

However, the note called into question whether the current business model could optimize returns, and whether the profitability potential of the group could in fact decline further from here.
Time to reshuffle resource?

The note suggested the profitability of UBS’ wealth business is being “diluted away” and called into question the bank’s heavy focus on its investment bank, along with its emphasis on ultra-high net worth (UHNW) clients.

“The vast majority of the Investment Banking (IB) operations are unnecessary for the UHNW client base, or UHNW clients are lower profitability than HNW clients,” the note stated.

UBS management reaffirmed its current strategy at the investor update in October 2018 and the note said that since that date, expectations for the bank had been “downgraded materially.”

A spokesman for UBS declined to comment when contacted by CNBC.

[portside1] 15/5/2019 10:07

jp have added here. and bought a lot more CNA NOW GOT MY AVGE DOWN TO 101P PLUS I HAVE THE DIV WHICH IS NOW IN THE BAG BUT ALL GOINGTO BE REINVESTED

I HAVE NOT BOUGHT A CAR NOW FOR TWO YEARS SAVED THOUSANDS

IDID FOR OVER 25 YEARS BUY A NEW VW EVER YEAR AND THEN GIVE IT AWAY TO THE FAMILY

[jpjohn1] 15/5/2019 09:17

For what it's worth , HSBC reiterated its Buy on Barclays yesterday

[m1k3y1] 15/5/2019 09:10

BoE warned prosecution could destablise Barclays

[johnwise] 15/5/2019 08:21

Trump is the only western leader who fully recognises China’s expansionist ambitions.


South China Sea: Beijing preparing to INVADE Taiwan, says US intelligence