Today, 9:20 AM
- Barclays (NYSE:BCS): Q3 YTD EPS of 9.6p.
- Total income of £16.5B (-5.7% Y/Y).
- Press Release
- Shares +4.9% PM.
Today, 9:14 AM
Today, 2:58 AM
- Nokia's (NYSE:NOK) quarterly profit fell less than expected, boosted by resilient broadband demand and a patent licensing payment from Samsung.
- Telefonica (NYSE:TEF) grew out its customer base during Q3, but decided to cut its dividend to speed up debt reduction.
- Reflecting Brexit worries and investment delays, ABB's orders slipped while the firm appointed a new CFO.
- Statoil (NYSE:STO) reported a net loss and cut its 2016 capital expenditure again due to persistently low oil prices.
- Barclays (NYSE:BCS) posted big pre-tax profits on a bond-trading boom, but also revealed a £600M fine for mis-selling PPI.
- Also see: VW back to profit after Dieselgate blow (Oct. 27 2016)
Tue, Oct. 25, 3:14 AM
- A series of huge DOJ fines on Barclays (NYSE:BCS), Credit Suisse (NYSE:CS) and Deutsche Bank (NYSE:DB) for mis-selling mortgage securities could be postponed until after next month's presidential election, Sky News reports.
- The delay also means RBS will likely have to account for the majority of a fine in its 2017 results, making it virtually certain that the bank will record its tenth consecutive annual loss.
Mon, Sep. 5, 10:29 AM
- Barclays (NYSE:BCS) has hired JPMorgan (NYSE:JPM) banker Tim Throsby to head its Corporate and International division, ending a six-month search for the number two job under CEO Jes Staley.
- He'll also run Barclays' investment banking business within that division, filling the gap left by the departure of Tom King, who retired from the bank in March.
- Subject to regulatory approvals, Throsby is expected to take up his new role in January.
Fri, Aug. 26, 7:40 AM
- Expected in the coming weeks are announcements for the sale of the bank's Italian retail business, its Iberian credit cards operation, and its Egyptian franchise, reports the WSJ.
- The moves are all part of a plan to pare down Barclays' (NYSE:BCS) sprawling business, with CEO Jes Staley having pledged to exit £35B of unwanted assets by the end of next year.
- The lender's ROE was just 4.8% in H1, but Staley and team figure this can hit double digits after the assets are unloaded.
- Many of these sales are likely to force Barclays to book a loss, but this should be more than offset by the freeing up of capital.
Mon, Aug. 8, 1:13 PM
- Barclays (BCS +2.7%) agrees to a $100M settlement to end investigations by 43 states and D.C. into its alleged manipulation of LIBOR rates in the mid-2000s.
- The settlement comes four years after BCS resolved similar charges with U.S. and U.K. authorities; the state attorneys general, led by New York and Connecticut, launched their own probes in 2012 in the wake of those charges.
- BCS is the first of several global banks to resolve LIBOR manipulation allegations from state attorneys general that already have paid billions of dollars in penalties to resolve similar criminal and civil charges.
Mon, Aug. 1, 8:34 AM
- Shares of RBS (NYSE:RBS) are lower in early trading after the bank showed some signs of weakness in stress tests of European banks.
- Though RBS passed the test by the European Banking Authority, the fall of its capital ratio to 8% is in the spotlight.
- Barclays (NYSE:BCS) showed similar weakness, with an unexpected drop in its capital ratio to 7.3% under the stress test scenario.
- Italy’s Banca Monte dei Paschi di Siena was the only bank to be wiped out in the healthiness check.
- Full European bank stress test results (.pdf)
- RBS -1.76% premarket to $5.01.
Fri, Jul. 29, 9:22 AM
Fri, Jul. 29, 8:16 AM
- Barclays (NYSE:BCS): 1H16 EPS of £0.01
- Revenue of £11.01B (-9.1% Y/Y)
- Shares +7.9% PM.
- Press Release
Thu, Jul. 21, 5:34 PM
Tue, Jul. 12, 9:24 AM
Fri, Jul. 8, 9:15 AM
Wed, Jul. 6, 11:10 AM
- Cashing out of stocks in one thing, but unloading that office building or shopping mall by the close of business is a different story. Henderson Global Investors suspends dealings in its £3.9B U.K. property fund, becoming the fourth such outfit to do so this week.
- The FTSE 100 (NYSEARCA:EWU) is lower by 1.45% ahead of the close, outperforming Europe once again, where most major markets are down 2% or more.
- That's in nominal terms, of course. The British pound (NYSEARCA:FXB) has taken out new three-plus decade lows, now down 1% vs. the dollar at $1.2892.
- Faring worst in the U.K. are the banks. RBS (RBS -7.7%), Lloyds (LYG -8.9%), Barclays (BCS -3.6%), HSBC (HSBC -1%).
Tue, Jul. 5, 6:21 AM
- The Bank of England has taken steps to shore up the U.K. economy following Britons' decision to exit the EU, warning that the outlook for the stability of the financial system has become "challenging."
- The decision to reduce the so-called countercyclical capital buffer to zero will allow British banks to lend an extra £150B to U.K. businesses and households, keeping the economy flush with credit.
- Related tickers: BCS, HSBC, SAN, AV, PUK, OTCPK:TSBBY, OTC:SLFPF, OTCPK:LGGNY
Mon, Jul. 4, 10:01 AM
- Three former Barclays (NYSE:BCS) traders have been found guilty of Libor manipulation almost four years since the bank paid out hundreds of millions of dollars in fines for fixing the key benchmark rate.
- Days after the British firm became the first to settle, its Chief Executive Officer, Bob Diamond, lost his job and regulators eventually imposed roughly $9B in penalties on the financial industry.