Barclays Share Discussion Threads

[bernie37] 28/2/2021 10:13

A public bailout might have been easier for Barclays than this

Barclays should be given credit where it is due. In 2008 it raised enough money during its emergency cash call to allow it to avoid the public bailouts that would bring Lloyds and the Royal Bank of Scotland under state control.

But the bank has traded one set of woes for another. It has spent 13 years battling claims that a deal it struck with its Qatari investors was unfair to other shareholders, and the arguments are likely to continue for a few years yet.

Barclays did dodge the political pressure that plagued RBS following its £45bn bailout. That lender, rebranded as NatWest, had to slash bonuses, shrink its investment bank and rein in excesses. This has led to a persistently low share price for NatWest, delaying re-privatisation and leaving it majority state-owned.

Lloyds fared better, returning to the private market in less than a decade. Having taken a £20.3bn bailout in 2008, the group managed to report its first post-rescue profit in 2010 and returned to full private ownership by 2017.

Barclays chose a different path. Its former managers have plodded through two regulatory investigations, two criminal trials and a private lawsuit linked to its controversial £11bn emergency fundraising. While criminal courts found executives not guilty of wrongdoing in 2020, and a lawsuit involving the businesswoman Amanda Staveley was ruled in Barclays’ favour last week, it is still not out of the woods.

The Financial Conduct Authority has resumed an investigation put on hold during the Serious Fraud Office’s doomed criminal trial. In 2013, the regulator said it was likely to fine Barclays £50m for behaving “recklessly221; in the rescue deal. Barclays may also face an appeal over Friday’s high court ruling. It is unlikely to draw a line under the 2008 crisis any time soon.

[scepticalinvestor] 28/2/2021 08:57

The CGT raid will not be immediate...

[hellscream] 28/2/2021 08:48

most wealth is in housing and land...yet he continues to pour fuel on to the fire, how can we have the biggest downturn in 300 years, yet in a housing BOOM LOL

the free market would rip the housing market apart, remove help to buy, i want to see this market try and stand on its own two feet.

i personally would take £2 trillion out the housing market and use it all on tax cuts and a job boom, time this country made work pay. up the personal allowence to £25,000 and lets get job productivity to 100% under me people would be begging for work.

[johnwise] 28/2/2021 07:27

The Conservatives, ready to raise the tax burden, whilst giving away £13 billion via Overseas Aid. £70 million going to Communist China ?..

Nigel Farage

VIDEO: Now China are buying our schools.

[johnwise] 28/2/2021 00:04

VIDEO

Documentary exposes renewables 'great betrayal' to green left

[smurfy2001] 27/2/2021 23:07

I hope not!!

[manics] 27/2/2021 20:45

Capital gains getting raided in the budget next week, most likely.

[jordaggy] 27/2/2021 20:01

Is this new 'UK government infrastructure' bank, a threat to high street banks? it has £12 bln fund to kick it off.

[johnwise] 27/2/2021 17:56

If Trump should steps down this is the guy who should run for US President

VIDEO
Senator Ted Cruz accuses the Biden administration of 'crawling into bed with China'

[diku] 27/2/2021 17:52

Thanks...that was a hammer close at the bell or a fat finger...

[johnwise] 27/2/2021 17:51

If Trump should steps down this is the guy who should run for US President

VIDEO
Senator Ted Cruz accuses the Biden administration of 'crawling into bed with China'

[johnwise] 27/2/2021 09:02

Had Ex Chancellor Lord Clark on radio 4 this morning.. Typical Torys (closet socialists) he wants the hard working British public to pay the cost of the China Communist filthy Virus with more personal taxation in the March Budget. Clark said with the lockdown the public has not been spending as much, no foreign holidays, etc. so he would be in favor of an increase in personal taxation.. Just watch this Government, it will be business as usual with Communists continuing to make Genocide China the most dangerous adversary in the world..

Video
China Warns Australia, US & UK | 10 News First



VIDEO China's trillion dollar plan to dominate global trade

[forcemode] 27/2/2021 07:03

Does anyone know if BARCS had set aside any monies in case they lost the case? If so their balance sheet would look much better after the ruling....:_) GLA

[manics] 27/2/2021 04:17

diku: fixed.

[jimbomorry] 26/2/2021 20:58

Lots of trades coming in late in the day? Wonder if this is optimistic smart money readying for next week, especially with court ruling in BARC's favour?

[diku] 26/2/2021 17:51

What happened to the header Dow chart?...

[johnwise] 26/2/2021 16:20

Video:

Gordon Chang: Will Biden Allow Investment in Companies Tied to China’s Military?

[manics] 26/2/2021 16:01

Let's see. Maybe just "month end" but with all the retail news, people asking me for stock tips and downloading Trading212, market looking tired, I dunno.

[prbshares] 26/2/2021 15:34

Manics : you were right about your feeling on the markets ... be interesting to see where support is found .

[prbshares] 26/2/2021 15:29

Ftse and Dow having a rough day...

[jordaggy] 26/2/2021 14:53

Is that all the misconduct/skeletons out in the open now or should we expect anymore charges against Barc?

[m1k3y1] 26/2/2021 14:31

BBC News
Amanda Staveley loses High Court fight with Barclays over damages

[optomistic] 26/2/2021 14:20

Will the chancellor be freezing the 25p a week that the over 80's get on their pension...that will be the longest benefit freeze ever LOL