Barclays Share Discussion Threads

[o matron] 15/8/2011 09:52

As long as he doesnt mention the word 'Black' or 'Immigrant' ..

David Cameron has pledged a review of government policies following last week's riots, to ensure they are bold enough to fix a "broken society".

[1000poundman] 15/8/2011 09:45

come to Singapore

[the ballcock] 15/8/2011 09:41

ok

is this a long or a short. hands up.

[isis] 15/8/2011 09:38

Barclays will move HQ abroad if Vickers stifles business.

They have my vote.

[cat100] 15/8/2011 09:37

Lol all the oil and minerals that the US wants

[jamrol] 15/8/2011 09:34

this will turn north, the US futures is gaining.

[shareho1der] 15/8/2011 09:31

I think eurozone should include Libya afghanisitan and iraq

[newm0del4rmy] 15/8/2011 09:25

Not looking good at moment, could fall back quick as many are fearing the Vickers recommendations and Euro debacle.

[cat100] 15/8/2011 09:06

Monty is toying with moving the decimal point but the number looks to big and he thinks only a few will believe it.

[o matron] 15/8/2011 09:05

montyhedge, whats the game this time matey, ramp em up and slag em down .. again?

[cat100] 15/8/2011 09:03

Gold Close to a 28-year low versus Silver. This can only make sense if people around the world are buying it as a currency. The poor mans Gold so to say. Silver normally trades for it's industrial use and I don't think the world is looking like a big recovery is on the cards any time soon. Any ideas on that here.

[ny boy] 15/8/2011 09:01

Where is the Soc Gen buy note. Has Monty finished editing it yet? lol!

[cat100] 15/8/2011 08:56

Would be better to see weak ones kicked out, but I think that's harder than a strong one leaving.If they kick a weak one it's disaster for the whole plan of the eurozone. Germany could walk and leave the eurozone in tact.I think on a world stage that would be better. Of course we would be left with a lot of actors playing in the biggest B movie going. Or should that be a triple B one. Talk of splitting it in two as well with France taking the med countries and prob taking a few north African countries under it's arm in time. With Germany bringing together the northern countries and adding a few others to their side. Not my idea but some think it could play out like that.

[newm0del4rmy] 15/8/2011 08:55

The bailouts can keep happening, but they don't fix the problem of Spain and Italy having no growth and uncompetitive production rates, that currency devaluing solved. The fundamentals are wrong, and the Euro has to go or the richer nations will have to keep subsidising forever.

[cat100] 15/8/2011 08:24

Isis I think the stronger countries will pull out before the weaker ones get kicked to touch .

[isis] 15/8/2011 08:17

I wouldn't be surprised to see some of the weaker Countries bail out of the Euro. How it affects our Banks is not easy to forecast, the debts will be rescheduled but how they work out who loses what is difficult by any means.
Many of these Countries should never have joined the Euro in the first place, you can blame France and Germany's Superstate ambitions for that - they should pay for it.

[bobp] 15/8/2011 08:16

in at 187, thats the kiss of death for barc now! :-)

[mikeran] 15/8/2011 08:14

The european climate is not right for any tinkering with Banks at this time-- I hope the politicians recognise that. The UK economy is sitting on a knife edge. I believe the Vickers enquiry has taken so long it has been overtaken by Global Financial events, also The govt. has seen no return on its bailout yet.
European events are still to unfold and could get nasty, unless they can agree together some overall strategy. The markets are ready to pounce shorting ban or no shorting ban. Someone is after the Euro-- my view only.

[bobp] 15/8/2011 08:14

morning monty, yes i suppose releases like that keep the faith going!

[isis] 15/8/2011 08:03

Vickers now expected to take tough line on banks
By Sean O'Grady
Monday, 15 August 2011
Sir John Vickers, chairman of the Independent Commission on Banking (ICB), is reportedly ready to defy the big banks and impose tougher than expected "ring fencing" of their retail and investment banking activities when he presents his report on 12 September.

Now in the final stages of completion – the main text is thought to be complete – the Vickers Commission's proposals are likely to spark renewed anger among the banks, and increasing talk of them moving away from the UK.

However, the new tough line is likely to be welcome to Business Secretary Vince Cable, who has long campaigned for a complete legal separation of the functions of the banks, to eliminate the "too-big-to-fail" problem of their blackmailing taxpayers into rescuing them when they run into difficulties. Sir John's approach might also find favour in the Bank of England. The Governor, Sir Mervyn King, has made little secret of his scepticism about the benefits claimed for so-called "universal" banking.

Conversely, a tougher set of recommendations might not be so pleasing to Chancellor George Osborne. In his Mansion House speech in June, Mr Osborne went unusually far in endorsing the interim report of the Vickers Commission, which proposed a lighter ring-fencing than the one now rumoured to be approaching Treasury officials.

Having supported the first set of ideas so enthusiastically, Mr Osborne may now find it tricky to extricate himself. The ultimate decision over the future of banking in the UK, however, rests with the Government, and he may find allies at No 10 for his resistance to take risks with a major export earner and provider of jobs.

Senior bankers have warned that a ring-fenced structure could drive up the cost of borrowing, and reduce the UK's competitive advantage.

[leopold555] 15/8/2011 07:58

Very happy with my position now.

averaged at 218
then sold at 170 taking a loss
bought at 165
so at the moment I need 213 to break even. Half way there so peeps saying that they need 220 etc that is still way too low for BARC and you are in at a good level IMO

Leo :-)

[newm0del4rmy] 15/8/2011 07:46

graham...indeed...patching up short-termism..if the fundamentals or the system are so obviously rotten then surely it's time to start again?

[montyhedge] 15/8/2011 07:46

grah
Its a good idea no shorting ban for uk banks, but the big funds who lend stock for a fee to shorting hedgies, will be told stop lending, just like last time.
Its a shorting ban without making it official. Last time they did this Barc went from 50p to 350p.

[montyhedge] 15/8/2011 07:44

Bob
Better than saying 50p, lol