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Barclays PLC (BCS)

- NYSE
  • Jul. 23, 2010, 10:18 AM
    Once the bank stress test hype ("enough to make people forget for a few hours that the world is bankrupt, but not enough for them to throw their life savings into the market with giddy fervor") abates, EU regulators might want to explain why Libor has been steadily climbing since April, and now stands at its highest point in a year.
    | Jul. 23, 2010, 10:18 AM | 5 Comments
  • Jul. 23, 2010, 8:29 AM
    Ralph Silva, director of Silva Research Network, takes issue with the very concept of stress tests at this juncture. "You don't ask someone to run a marathon a week after they broke their leg," he tells CNBC. "By doing these stress tests what we are in fact doing is highlighting the problems that are going to stop them from lending instead of encouraging them to lend."
    | Jul. 23, 2010, 8:29 AM | 3 Comments
  • Jul. 23, 2010, 8:21 AM
    10 of the 91 banks subjected to EU stress tests will fail, according to a Goldman Sachs investor poll. Most respondents expect banks will need to raise between 10 and 50 billion euros - led by banks domiciled in Spain, Germany and Greece. A different poll predicts several surprises among those that fail, while a majority of WSJ readers expect 0-5 failures.
    | Jul. 23, 2010, 8:21 AM | Comment!
  • Jul. 22, 2010, 9:23 AM
    EU officials' overt confidence that their countries' banks will easily pass stress tests has left analysts anything but reassured. "All banks passing the tests would mean the tests were useless," London economist Marie Diron says.
    | Jul. 22, 2010, 9:23 AM | 8 Comments
  • Jul. 22, 2010, 9:00 AM
    Premarket gainers: CYTR +31%. ACF +22%. FFIV +8%. RCL +7%. XRX +7%. NBG +7%. QCOM +6%. NOK +6%. ABB +5%. BCS +5%. STI +5%. BIDU +5%. MT +5%. STD +5%. LDK +5%. JBLU +5%. CCL +4%. ALU +4%. LYG +4%. IRE +4%. UPS +4%. SOLF +4%. EBAY +4%. HBAN +4%. JASO +4%. DB +4%. ERIC +4%.
    Losers: MLNX -22%. SWI -17%. NFLX -8%. SYT -6%. ISRG -4%.
    | Jul. 22, 2010, 9:00 AM | Comment!
  • Jul. 13, 2010, 7:15 AM
    Dozens of brokerages and banks, including Morgan Stanley (MS), Goldman (GS) and Citigroup (C), are being sued by a Boston area-based fund over $1.2B of subprime-related losses. The fund claims the banks made untrue statements and violated their own standards for underwriting.
    | Jul. 13, 2010, 7:15 AM | Comment!
  • Jul. 8, 2010, 8:17 AM
    European banks are doing well this morning after European regulators released more details on the stress tests underway. Premarket: DB +1.25%, RBS +0.7%, ING +1.1%, LYG +1.9%, CS +1.3%, BCS +1.8%. (Notable loser: STD -1%)
    | Jul. 8, 2010, 8:17 AM | Comment!
  • Jul. 8, 2010, 8:12 AM
    European regulators released (some) details of the stress tests underway. What we know: The tests will cover 91 banks accounting for 65% of the region's banking assets, and the adverse scenario will be a double-dip recession or sovereign shock. Still MIA: Some key details, including what's considered an acceptable capital level.
    | Jul. 8, 2010, 8:12 AM | Comment!
  • Jul. 7, 2010, 11:14 AM
    A Barclays (BCS) breakup? Easier said than done, responds a Matrix Corporate Capital analyst, as an I-bank spinoff would force Barclays to raise £3B ($4.5B) and possibly sell its stake in BlackRock (BLK).
    | Jul. 7, 2010, 11:14 AM | Comment!
  • Jul. 6, 2010, 12:19 PM
    Barclays (BCS) may be considering a breakup, according to an analyst at Mediobanca Securities, and should separate its I-banking and wealth management units to boost share price nearly 40%.
    | Jul. 6, 2010, 12:19 PM | Comment!
  • Jul. 6, 2010, 7:23 AM
    For the first time, EU officials say European countries will be able to tap an existing €500B ($629M) EU safety net, as needed, if they exhaust national funds on problem banks. The EU's Olli Rehn also confirms stress tests will include " sovereign debt shock in order to reinforce the credibility of results." Premarket: DB +2.2% , UBS +2.7% , ING +3.7% , LYG +3.6% , BCS +1.9% .
    | Jul. 6, 2010, 7:23 AM | Comment!
  • Jun. 30, 2010, 7:45 AM
    The ECB's tender was met with low demand today, a positive reflection on banks' abilities to raise money from capital markets, with a total of €131.93B ($160.92B) allotted. Forecasts had run as high as €250B. The news is lifting European banks, and the euro. Premarket: UBS +2%, STD +4.5%, LYG +1.5%, CS +1.9%, BCS +4.6%, DB +3.25%.
    | Jun. 30, 2010, 7:45 AM | 3 Comments
  • Jun. 29, 2010, 2:53 PM
    Niall Ferguson says Europe's banks make him nervous. Ferguson says he's amazed how long it took markets to realize that there was a problem with European banks, which were more leveraged than U.S. banks.
    | Jun. 29, 2010, 2:53 PM | 1 Comment
  • Jun. 29, 2010, 9:00 AM
    Premarket gainers: JAV +58%.
    Losers: MU -6%. BBVA -5%. STD -4%. HERO -4%. AIB -4%. ABK -4%. SIRI -4%. AIXG -4%. RCL -4%. BCS -4%.
    | Jun. 29, 2010, 9:00 AM | Comment!
  • Jun. 28, 2010, 9:23 AM
    "Get ready for the cliff-edge," warns RBS' credit team, anticipating a "collapse" in the price of stocks and commodities as the U.S. and EU economies, and the European banking sector, teeter at the precipice. They're suggesting investors buy maximum long-duration bonds in safe haven markets.
    | Jun. 28, 2010, 9:23 AM | 10 Comments
  • Jun. 28, 2010, 8:56 AM
    Major European banks are reportedly trying to revive the struggling wholesale finance market with a new kind of enhanced securitized product designed to attract lenders such as pension funds and hedge funds. "It’s basically an issue of credibility," said one senior banker, "and the eurozone has to get its credibility back.”
    | Jun. 28, 2010, 8:56 AM | Comment!
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Company Description
Barclays PLC is a financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management. It operates in Europe, the Americas, Africa and Asia.