Barclays Share Discussion Threads

[buywell3] 30/9/2019 07:54

BBC need to pension of andrew marr

past his sell by date IMO

[johnwise] 30/9/2019 07:50

We have seen in Hong Kong what happens when people feel that democracy is being undermined. I really don't want the same thing happening here, but it is a possibility which can't be ignored. All we hear are examples of MP's making or threatening to make laws on the hoof to thwart Brexit. We are told that although we voted to leave, we didn't vote for leaving without a deal. But we were warned of the consequences of leaving by the remain campaign before we voted. We sent Parliament a very clear message in the European Elections, by voting for a brand new party committed to leaving without a deal. They won more seats than the mainstream parties. And still remainer MPs think they know best and make it up as they go along..

[johnwise] 30/9/2019 07:29

Hong Kong 17th straight weekend of protests

Thousands of pro-democracy activists rally in Hong Kong ahead of four days of protests to overshadow anniversary celebrations in Beijing

In spite of police brutality, the momentum behind the anti-government movement shows no signs of slowing

VIDEO 29 Sep 2019

[diku] 29/9/2019 23:04

porty...were you buying the beers?...

[portside1] 29/9/2019 21:50

What for barcs over the next 3 weeks till update I had a great weekend met hundreds of new brexit voters after my speaking to them over a few beers Nigel will win the election Cons 16.1Lab. 33.1Libs 1000.1Brexit p. 1.5

[portside1] 29/9/2019 21:47

I along with all the other ex royals followers that. Harry has destroying their good name , want to see what the press does Harry as destroyed the royal families name ,

[portside1] 29/9/2019 21:41

I was stopped in Hartlepool by the news reporter about Brexit They did not like my answers , I said why do you not ask questions about the mps betraying the people and why they do not want to come out of the Eu I said why do you not talk about their money they get from the Eu via U.K. tax payers , she switch off and went to another it was my friend. She was not a happy bunny Then she went to a young girl .the girl said that man over their gave you the answers and you walked a way. Why did you not answer is questions . The reporter squirmed and went

[buywell3] 28/9/2019 07:31

-------------- Trump Troubles hitting US markets -------------------

ALL end the week DOWN

S&P 500
2,961.79
-15.83(-0.53%)

Dow 30
26,820.25
-70.87(-0.26%)

Nasdaq
7,939.63
-91.03(-1.13%)

Russell 2000
1,520.48
-12.85(-0.84%)

Crude Oil
56.18
-0.23(-0.41%)

[johnwise] 27/9/2019 16:23

Sucking up to a Communist Dictatorship

Former New York mayor Michael Bloomberg told Firing Line host Margaret Hoover Chinese president Xi Jinping is "not a dictator" and insisted the Chinese Communist Party listens to its constituents.




Life Inside China's Total Surveillance State
Video

[mbmiah] 27/9/2019 10:01

Strange man.

[johnwise] 27/9/2019 08:58

Israel general warns it is approaching ‘level of war’ with Iran as tensions rage

General Shalom said it is “only a matter of time” until the Iranians try to strike at Israel.

[johnwise] 27/9/2019 07:33

White House releases transcript of phone call between President Trump and the president of Ukraine

Hannity: Trump Transcript shows no misconduct whatsoever

Video

[bernie37] 26/9/2019 17:40

If you work for Barclays’ investment bank now, you might want to read and then reread Jes Staley’s recent ‘fireside chat’ at the recent Barclays financials conference. The CEO of Barclays Group could hardly have been more categorical in his support for the investment bank as a key part of the ‘investment banking model.’

“We want to stay close to our existing client base,” said Staley, in explaining the importance of a strong capital markets (sales and trading) business. As rivals withdraw from the market and “capacity leaves,” Barclays will benefit, said Staley: “We like the trajectory of the Corporate & Investment Bank.”
Staley went onto explain how Barclays is ready for action. After reducing the cost income level to a “comfortable place”, he said Barclays is all set, “to grow the bank – to increase technology spend to invest in new algorithms and new trading platforms, and technology to dramatically advance the client onboarding process.”

It wasn’t so long ago, however, that Barclays was also cutting costs. In April it emerged that Barclays had trimmed spending in the investment bank to the lowest level in almost four years. In August it became apparent that Barclays had trimmed 3,000 staff in the three months to June. If Barclays is growing, therefore, not everyone has been feeling it.

Of course, Staley was talking in the future tense and referring to technology rather than human-driven growth, but some of who fell foul of the bank’s recent cost-cutting initiative suggest that the CEO’s sunny optimism is tempered by a more steely presence in the background: Paul Compton, president of Barclays Bank PLC, the legal entity that runs the international division, which includes the investment bank.

In its own description of Compton’s role, Barclays describes him as ‘overseeing executive management responsibilitiesR17; associated with BBPLC. Compton is an old protégé; of Staley’s having joined the bank in 2016 after spending nearly two decades in senior operating roles at JPMorgan, where Staley also spent 30 years.

Compton clearly knows how to run an investment bank from an operational standpoint: he was hired into Barclays as COO and one of his roles at JPMorgan was chief administrative officer for the corporate and investment bank. Staley elevated him to president of BBPLC in March, at the same time as Staley himself assumed leadership of the same unit and as Tim Throsby – the man who had been CEO of BBPLC– left.

The Financial Times subsequently reported that Throsby clashed with Staley over Staley’s ‘sacrosanct217; targets, which he (Throsby) thought were too ambitious. However, insiders say that Throsby also acted as a brake against Compton’s cost-cutting zeal. “Paul Compton’s mantra is that net-net, any investment spend needs to come from savings,” says one of those recently let go. “He’s the power there, he won the cost cutting argument against Tim Throsby.”

Barclays didn’t comment for this article, but two of those let go say even technology initiatives in the markets division can be hard to fund in the new environment, despite this being a growth area.

Of course, there’s not only Compton and Staley at the helm of the investment bank. Barclays' markets business is now run by Stephen Dainton, who joined in September 2017 after leaving Credit Suisse while Throsby was in full growth mode, as head of global equities. However, another head of global equities, Fater Bebachir (also from JPMorgan), was hired in April and joined in June and Dainton was subsequently officially made global head of markets, although - curiously - the FCA Register says he's been head of Barclays Capital Securities business since 2018.

Some at Barclays suggest that Dainton benefited from being in the right place at the right time. An equities salesman by trade, he was a former head of equities at Credit Suisse, but left the Swiss bank in January 2017 after poor equities results the previous year. Barclays picked him up nine months later.

"Stephen is a lovely guy and a great sales guy, but he's not very well know outside Europe," says one recent Barclays-leaver. "He's a sales guy who's not really into quantitative trading and the mechanics of the business," says another.

This is where Compton comes in. As Barclays prioritizes electronic trading and revamps its existing Barx product to include equities, it's also where people like Naz Al-Khudairi and Asita Anche are increasingly important. Al-Khudairi joined from Credit Suisse in early 2018 and is head of Barclays' equities electronic trading business. Anche joined from Goldman in 2017 and is head of 'systematic market making, risk centralization & data science.' Insiders say she's leading Barclays' push into AI.

If Barclays is to beat the squeeze and improve returns, both areas wil need to thrive.

[bernie37] 26/9/2019 17:37

hxxps://home.barclays/content/dam/home-barclays/documents/investor-relations/IRNewsPresentations/2019Presentation/2019-Barclays-Financials-Conference-Jes-Staley-Transcript.pdf

[xxxxxy] 26/9/2019 17:23

Boris is still a HERO.LEAVE and WTO

[bernie37] 26/9/2019 17:12

Who’s in charge at Barclays investment bank? | eFinancialCareers


hxxps://news.efinancialcareers.com/uk-en/3002219/paul-compton-barclays

[bernie37] 26/9/2019 12:27

DescriptionThe Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse is a 2016 economics book authored by Mohamed A. El-Erian.

[fjgooner] 26/9/2019 12:04

Mohamed El-Erian is an incredibly good guy to have on board. Barclays have done well with that appointment.

[johnwise] 26/9/2019 09:24

Barclays Adds Board Members From Soros Fund, Pimco Veteran

“These appointments reflect Barclays’s commitment to the strengthening of its board through the addition of further high quality and highly respected individuals possessing a wide and deep knowledge of the group’s markets and businesses,” the bank said in a statement Thursday.