Barclays PLC (BCS) - NYSE
  • Mon, Jun. 27, 6:55 AM
    | Mon, Jun. 27, 6:55 AM | 62 Comments
  • Fri, Jun. 24, 1:00 PM
    | Fri, Jun. 24, 1:00 PM
  • Fri, Jun. 24, 12:45 PM
    | Fri, Jun. 24, 12:45 PM
  • Fri, Jun. 24, 9:11 AM
    | Fri, Jun. 24, 9:11 AM | 18 Comments
  • Fri, Jun. 24, 5:22 AM
    | Fri, Jun. 24, 5:22 AM | 129 Comments
  • Thu, Jun. 23, 7:47 AM
    • Looking to cap its exposure to wild currency swings in wake of the Brexit vote results, Barclays (NYSE:BCS) has stopped accepting new "stop loss" orders, reports Reuters.
    • Such a move is extremely rare, but Barclays no doubt has on its mind the currency chaos (and brokerage losses) which followed the SNB's letting the franc go last year.
    • The pound, meanwhile, has risen to its highest level of the year as the U.K. electorate votes today, with the latest polls showing a growing lead for the "remain" camp.
    | Thu, Jun. 23, 7:47 AM | 5 Comments
  • Mon, Jun. 20, 1:00 PM
    | Mon, Jun. 20, 1:00 PM
  • Mon, Jun. 20, 11:02 AM
    • Punished worse than most in the run-up to the Brexit referendum have been the British banks as London's financial center status is seen as highly  vulnerable in the event the "leave" camp prevails.
    • A weekend poll showing a sizable shift back to the "remain" camp has the FTSE 100 higher by 4.15%, with Barclays (BCS +7.9%), RBS (RBS +8%), and Lloyds (LYG +9.3%) leading the way. HSBC's (HSBC +3.5%) gain in more inline with the major average.
    | Mon, Jun. 20, 11:02 AM | 6 Comments
  • Mon, Jun. 20, 9:16 AM
    | Mon, Jun. 20, 9:16 AM | 1 Comment
  • Tue, Jun. 14, 7:42 AM
    • The Bank of England is offering the country's lenders extra liquidity to help them get through any volatility surrounding next week's Brexit vote. Banks today tapped the central bank for £2.46 of that cash.
    • While that amount at repo auctions isn't unusual (they're held every month), the BoE is offering an extra three auctions in June - two before the vote and one after.
    • The stock prices of British banks have been under heavy pressure ahead of the vote, and most are lower again today. In London trade: Barclays (NYSE:BCS-2.9%, RBS -1.7%, Lloyds (NYSE:LYG-1.9%, HSBC -1.15%.
    • The FTSE 100 is down 1.2%, and the pound (NYSEARCA:FXB) is off 1% vs. the dollar.
    • ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK, QGBR, HEWU
    | Tue, Jun. 14, 7:42 AM | 8 Comments
  • Tue, May 31, 2:39 PM
    • Steven McClathchey worked for seven years in the bank's Manhattan office, where he was responsible for tracking Barclays' (NYSE:BCS) involvement in M&A. His "M&A Global Weekly Business Update" was distributed to select bank employees, and included deals likely to come public in the following week.
    • According to the charges, McClatchey gave tips to a plumber friend ahead of more than ten deals coming public, with the plumber paying McClatchey in part with free renovation work.
    | Tue, May 31, 2:39 PM | 1 Comment
  • Fri, May 27, 10:47 AM
    • "I am waiting for more capital to come through, yes,” says Amer Sajed, who was promoted to head Barclaycard (NYSE:BCS) in April, with plans to expand in places like the U.S. and Germany.
    • With the investment banking business suffering, Sajed has been described by Barclays Chairman John McFarlane as the bank's "ace." Since 2006, profits in credit cards have quadrupled while earnings in the securities unit have sizably shrunk. Barclaycard now accounts for 25% of overall bank profit.
    • Not all agree that investing more in Barclaycard is the best path. Acknowledging the unit's "star player" status, Bernstein's Chirantan Barua says it could be at a top, noting strong economies in the U.S. and U.K., and low levels of bad debt. His recommendation is for the card unit to be sold to raise capital for the rest of the bank.
    • "There is nothing that could lead me to try to sell any of our businesses,” says Sajed.
    | Fri, May 27, 10:47 AM
  • Mon, May 23, 3:10 PM
    • The ruling from the Court of Appeals for the Second Circuit reinstates previously thrown out private antirust lawsuits against 16 banks for allegedly rigging Libor.
    • There are a number of groups of plaintiffs, including Baltimore, Houston, and San Diego.
    • For now, the case goes back to lower court for further proceedings. If the suits are successful, the bill to banks could be several billion dollars.
    • Roughly a dozen financial companies have already settled official charges of rate manipulation, with some pleading guilty to criminal charges.
    • The defendants in line from today's ruling include: Bank of America (NYSE:BAC), Barclays (NYSE:BCS), Credit Suisse (NYSE:CS), Deutsche Bank (NYSE:DB), HSBC, JPMorgan (NYSE:JPM), Lloyds (NYSE:LYG), Royal Bank of Canada (NYSE:RY), SocGen (OTCPK:SCGLY), UBS, and Royal Bank of Scotland (NYSE:RBS).
    | Mon, May 23, 3:10 PM | 132 Comments
  • Wed, May 18, 10:31 AM
    • A new poll shows the "remain" camp gaining strength, with an 18 percentage point lead roughly one month ahead of the Brexit referendum.
    • The pound's higher by 0.9%, and the FTSE lower by 0.15%. Outperforming by a mile are the banks: Barclays (BCS +5.3%), RBS (RBS +6%), HSBC (HSBC +1.6%), Lloyds (LYG +4.6%).
    | Wed, May 18, 10:31 AM | 1 Comment
  • Wed, May 4, 2:49 AM
    • Seven of the world's largest banks have agreed to pay $324M to settle a U.S. lawsuit accusing them of rigging the "ISDAfix" benchmark for their own gain from 2009 to 2012.
    • The illegal deals included the execution of rapid trades just before the rate was set each day, called "banging the close," to delay transactions and post rates that did not reflect market activity.
    • The settlement resolves claims against BofA (NYSE:BAC), Barclays (NYSE:BCS), Citigroup (NYSE:C), Credit Suisse (NYSE:CS), Deutsche Bank (NYSE:DB), JPMorgan (NYSE:JPM) and the Royal Bank of Scotland (NYSE:RBS).
    | Wed, May 4, 2:49 AM | 33 Comments
  • Thu, Apr. 28, 12:48 PM
    • It the latest of a series of exits by the bank from the Continent, Barclays (BCS) agrees to the sale of its Barclaycard operation in Spain and Portugal to Spanish online lender Bancopopular-e.
    • The business has about $1.46B in assets.
    • Barclays previously sold its retail operations in Portugal, Spain, and Italy, and say it's now in discussions about the same for France.
    | Thu, Apr. 28, 12:48 PM | 1 Comment
Company Description
Barclays Plc operates as a bank holding company that engages in the business of providing retail banking, credit cards, corporate and investment banking and wealth management services in Europe, the Americas, Africa and Asia. The company operates in nine segments: UK Retail & Business Banking,... More
Sector: Financial
Industry: Foreign Money Center Banks
Country: United Kingdom