All Entries Tagged With: "Barclays"
Barclays and Royal Bank of Scotland (RBS) suffer set-back
Royal Bank of Scotland (RBS) and Barclays have suffered major set-backs after Henry Paulson US Treasury Secretary indicated that what’s left of the $700 billion bailout fund will not be used to create a dumping ground for bad US mortgage assets but will be used on a broader scale to bailout the financial industry, from [...]
Barclays shareholder revolt against Middle East investment
Major shareholders in Barclays (LON:BARC) said that they will vote against the British bank over a capital injection of $11 billion from investors in the Middle East.
Legal & General Investment Management who own five percent of Barclays and Aviva Investors who own one percent are both appealing for the British bank to amend the terms [...]
Barclays deny bonus allegations
Barclays PLC (BARC.LN) have announced they are set for “radical changes” regarding its pay structure after the UK bank came under fire by the Independent newspaper accusing Barclays of protecting executives pay bonuses by rejecting the government cash injection.
Marcus Agius chairman of Barclays last week denied that the reason they accepted a deal with the [...]
HSBC, RBS, Halifax, Barclays all FINALLY agree on cut
After tense talks and immense pressure from the Government Royal Bank of Scotland (RBS), HSBC, Barclays, Nationwide, Halifax, Standard Chartered and HBOS all have now agreed to cut their Standard Variable Rates, although not all banks will pass on the full 1.5 percent cut that would shadow the Bank of England’s shock cut yesterday.
This news [...]
HSBC, RBS and Barclays: Ordered to urgent meeting
The Treasury summoned bank bosses from Royal Bank of Scotland (RBS), HSBC and Barclays to an unscheduled urgent meeting after the Bank of England slashed the base interest rate by 1.5 percent taking the base rate to its lowest level in 53 years.
The Prime Minister Gordon Brown said this morning “We are determined to [...]
Barclays buys Macquarie bank's mortgage business
Barclays who raised £7.3 billion from Middle Eastern investors announced on Thursday that they have acquired Australia’s Macquarie banks Italian mortgage business.
Britain’s largest bank Barclays PLC has made no announcement on what they
Barclays, RBS and HSBC plunge as FTSE stands strong
Barclays shares plunged 7.2 percent to 166p on this mornings trade as Merrill Lynch estimated that the deal of raising capital privately could cost investors £3.2 billion. The announcement that Barclays are raising funds from investors in Qatar and Abu Dhabi of £7 billion sent the shares tumbling 19 percent since the deal was unveiled [...]
Goldman Sachs sends HSBC tumbling, Barclays follow
HSBC (HSBA.L) stocks tumbled 4.8 percent after Goldman Sachs downgraded the largest bank in Europe from “neutral” to “sell” and slashed its target price from 950 to 650, making HSBC one of the biggest decliners on the FTSE 100 along with Barclays.
Goldman Sachs report on European banks stated that recent action’s by policymakers
Barclays go to the Middle East for cash injection
Last night Barclays was close signing a £6 billion capital injection from the Middle Eastern governments, including those of Abu Dhabi and Qatar, this will allow Barclays to boost its balance sheet without having to go to the UK Government for cash.
Executives at Barclays last night were finalizing the terms of the capital increase with [...]
FTSE-100 slumps led by Barclays and RBS: Industrial metals sink
Another bad day on the London Stock Exchange with the FTSE-100 index tumbling 4.3 percent or 183.08 to 4,046.65 (at 4.16pm) this was accompanied by a fall on the FTSE All-Share index with a fall of 4.2 percent.
Barclays Plc led the way by sliding 6.4 percent to 227p with the Royal Bank of Scotland (RBS) [...]
London’s FTSE 100 up as major banks still fall
RBS shares fell as much as 39p at one stage today, as news broke that the Treasury was pushing to take an equity stake in banks for a significant recapitalization. Although Royal Bank of Scotland issued a statement saying “Contrary to press speculation, RBS did not make a request to government
Nomura wins over Barclays for Lehman Brothers Europe
Nomura the Japanese brokerage firm has confirmed that they are buying the Middle Eastern and European equities and investments banking operations of collapsed US investment bank
Barclays pitch for Lehman Brothers Europe
Barclays just days after acquiring Lehman Brother’s Wall Street division are shopping again, this time the UK bank is set to land Lehman Brothers European equity division. Barclays and Japans’ Nomura have both pitched in with offers for
Barclays agree to buy Lehman Brothers core asset
British Bank Barclays paid $11.5 billion for Lehman Brothers New York headquarters and two data centres and $250 million for the North American investment banking unit. Barclays walked away from
Barclays is moments away from a deal with Lehman Brothers
Barclays who walked away from a deal with Lehman Brothers 48 hours ago is not on the verge of securing a deal to buy the core business of the collapsed investment bank