Barclays PLC (BCS) - NYSE
  • Mar. 22, 2011, 7:45 AM
    Barclays (BCS) is reportedly one of a number of investors considering making a bid for Maiden Lane II's portfolio of mortgage-backed securities. These are the same MBS for which AIG (AIG) made a $15.7B bid last week.
    | Mar. 22, 2011, 7:45 AM
  • Mar. 21, 2011, 9:00 AM

    Premarket gainers: CRIS +15%. URG +15%. VRGY +10%. URZ +9%. TSEM +8%. URRE +8%. DNN +7%. UEC +7%. GPL +6%. CCJ +6%. TIF +5%. T +5%. ALU +5%. CIGX +4%. VOD +4%. USU +4%. SSN +4%. WTSLA +4%. SVU +4%. SLW +4%. BCS +4%.
    Losers: XNPT -12%. S -11%. AMT -7%. CTIC -4%.

    | Mar. 21, 2011, 9:00 AM | 1 Comment
  • Mar. 21, 2011, 8:39 AM

    Barclays (BCS +3.3%) is selling a portfolio of real estate loans to CreXus (CXS), a REIT that invests in commercial real estate debt, for $586M. CreXus launched a 50M share sale to fund the purchase, 5M of which will be bought by Annaly (NLY). The sale is part of Barclays' efforts to shed non-core assets. (PR)

    | Mar. 21, 2011, 8:39 AM
  • Mar. 10, 2011, 9:00 AM

    Premarket gainers: GMCR +27%. FCEL +11%. HGSI +10%. SBUX +9%. CBEH +8%. ARNA +5%. SPPI +4%.
    Losers: CSIQ -11%. SSN -7%. GPL -7%. ARMH -6%. PZG -5%. CPST -5%. RIO -5%. ASML -5%. NTAP -4%. STM -5%. EXK -4%. DPTR -3%. SLW -4%. AIXG -4%. RAME -4%. BHP -4%. LKD -4%. GOLD -4%. BBVA -3%. HMY -3%. BCS -3%. BQI -3%. STD -3%. MT -3%. DB -3%. HL -3%. SI -3%. TOT -3%.

    | Mar. 10, 2011, 9:00 AM
  • Mar. 9, 2011, 7:35 AM

    Some of the scenarios - such as falls in stock prices and GDP - for the EU's new stress tests are actually more benign than last year's failed version. "It was a joke last time, why is it not going to be a fudge this time," says an analyst.

    | Mar. 9, 2011, 7:35 AM
  • Mar. 8, 2011, 8:42 AM

    The adverse scenarios in which banks will be examined in new and improved EU stress tests: a fall in EU GDP of 0.5%, a 15% drop in share prices, a 75 basis point rise in bond yields, a 125 basis point hike in money rates, and continued depreciation of the greenback. Nassim Taleb, phone home.

    | Mar. 8, 2011, 8:42 AM | 1 Comment
  • Mar. 8, 2011, 7:42 AM

    Following through on its promise to eliminate underperforming businesses, Barclays (BCS -0.5%) will close 20% of its Spanish branches after being stung by bad property and construction loans.

    | Mar. 8, 2011, 7:42 AM
  • Mar. 4, 2011, 10:10 AM

    Expected to last until June, the EU begins a new round of banking stress tests today. Stricter procedures are promised this time after the last exams gave Irish banks a clean bill of health weeks before they imploded.  EUFN -0.5%.

    | Mar. 4, 2011, 10:10 AM
  • Mar. 1, 2011, 7:25 AM
    Barclays (BCS) is paying an undisclosed sum to buy the U.K. credit card assets of online bank Egg from Citigroup (C). The purchase is part of Barclays' plans to boost its retail banking business, and part of Citi's plan to shed non-core assets.
    | Mar. 1, 2011, 7:25 AM
  • Feb. 23, 2011, 7:36 AM
    In a closely-watched case, U.S. Bankruptcy Judge James Peck ruled late yesterday that Lehman's (LEHMQ.PK) hurried post-bankruptcy asset sale to Barclays (BCS) was fair, and Lehman isn't entitled to recover an $11B 'windfall.'
    | Feb. 23, 2011, 7:36 AM
  • Feb. 18, 2011, 7:59 AM
    Foreign banks with U.S. operations are latching onto a loophole that allows them to avoid some of the capital-buffer requirements of the Dodd-Frank law. Barclays (BCS), for example, quietly reclassified the legal status of its U.S. ops to avoid pumping in billions of dollars.
    | Feb. 18, 2011, 7:59 AM | 3 Comments
  • Feb. 17, 2011, 9:59 AM
    U.K. banks rise as Chancellor George Osborne is reportedly looking to ease tough liquidity measures, not only saving the institutions £100M's, but also making more money available for lending. LYG +2.6%. BCS +1.2%. HBC +1.9%. RBS +2.0%.
    | Feb. 17, 2011, 9:59 AM
  • Feb. 15, 2011, 11:38 AM
    Barclays (BCS +6.1%) plans a revamp including £1B ($1.6B) in cost-cutting and sales of assets, as CEO Bob Diamond resets expectations to a 13% return on equity in the face of tougher banking regulations. "There are no sacred cows," he says. The bank's 2010 earnings rose 32% thanks to strength at BarCap.
    | Feb. 15, 2011, 11:38 AM
  • Feb. 14, 2011, 7:23 AM

    Talk of "burden sharing" and "haircuts" leads Moody's to consider downgrading the subordinated debt of banks across the EU. "These reforms demonstrate the increased willingness ... of governments to share with debtholders the cost of bailing out a failing bank." Premarket: DB -2.3%. STD -2.0%.

    | Feb. 14, 2011, 7:23 AM
  • Feb. 11, 2011, 9:36 AM

    Dubbed "reverse stress tests," the U.K. asks banks to channel Nassim Taleb, calculating if they're prepared for extreme events like a swine-flu pandemic or a Latin American coup. Bank execs call it "risk planning gone mad," and worry it's an excuse to force higher capital ratios.

    | Feb. 11, 2011, 9:36 AM
  • Feb. 10, 2011, 8:41 AM

    "There is a genuine issue here of why an investment banker would want to work (there)," says a fund manager reacting to new U.K. rules on bonuses that are more restrictive on RBS than the other large banks. Premarket: RBS -1.2%.

    | Feb. 10, 2011, 8:41 AM | 4 Comments
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