Well done Barclays!
15 February 2011, 08:19 AM
#1
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Well done Barclays!
Barclays reported that profits were up and loan losses were down.
An great British company doing well around the world.
Barclays report profits up
An great British company doing well around the world.
Barclays report profits up
15 February 2011, 10:06 AM
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15 February 2011, 02:57 PM
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you should have bought RBS then 
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15 February 2011, 03:16 PM
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15 February 2011, 03:25 PM
#11
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The reports from commercial customers aren't the best from what I've heard and read, but they seem to be going more down the investment banking route. I use their stockbrokers and I've always been happy with the service I've received. Customer service is spot on.
15 February 2011, 04:05 PM
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2008 figures on barclays share ownship:
Investor: Sheikh Mansour Bin Zayed Al Nahyan
Stake after capital raising: 16pc
To invest: £3.5bn - £2bn in mandatory convertible notes (MCNs), £1.5bn in reserve capital instruments. MCN conversion price is 153p a share. RCI has a 14pc annual coupon until 2019.
Will also purchase warrants for up to £1.5bn of ordinary shares
Qatar Investment Authority
Stake after capital raising: 13pc
To invest: £2bn - £500m in MCNs and £1.5bn in RCIs
Will also purchase warrants for up to £1.5bn of ordinary shares
Jul. 2008: paid 282p a share for a £1.8bn stake.
Challenger (owned by emir of Qatar)
Stake after capital raising: 3pc
To invest: £300m in MCNs
Jul. 2008: paid 282p a share for a £533m stake.
15 February 2011, 04:12 PM
#13
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We're screwed, the 'developing' world will soon own us lock stock and barrel.
It's funny because in the 19th and early 20th century it was the 3rd world which was being indebted to, and bought up by, western interests.
What an about turn?!
It's funny because in the 19th and early 20th century it was the 3rd world which was being indebted to, and bought up by, western interests.
What an about turn?!
15 February 2011, 04:20 PM
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Qatar Investment Authority
Stake after capital raising: 13pc
To invest: £2bn - £500m in MCNs and £1.5bn in RCIs
Will also purchase warrants for up to £1.5bn of ordinary shares
Jul. 2008: paid 282p a share for a £1.8bn stake.
Challenger (owned by emir of Qatar)
Stake after capital raising: 3pc
To invest: £300m in MCNs
Jul. 2008: paid 282p a share for a £533m stake.
Stake after capital raising: 13pc
To invest: £2bn - £500m in MCNs and £1.5bn in RCIs
Will also purchase warrants for up to £1.5bn of ordinary shares
Jul. 2008: paid 282p a share for a £1.8bn stake.
Challenger (owned by emir of Qatar)
Stake after capital raising: 3pc
To invest: £300m in MCNs
Jul. 2008: paid 282p a share for a £533m stake.
15 February 2011, 04:36 PM
#15
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15 February 2011, 04:37 PM
#16
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2008 figures on barclays share ownship:
Investor: Sheikh Mansour Bin Zayed Al Nahyan
Stake after capital raising: 16pc
To invest: £3.5bn - £2bn in mandatory convertible notes (MCNs), £1.5bn in reserve capital instruments. MCN conversion price is 153p a share. RCI has a 14pc annual coupon until 2019.
Will also purchase warrants for up to £1.5bn of ordinary shares
Qatar Investment Authority
Stake after capital raising: 13pc
To invest: £2bn - £500m in MCNs and £1.5bn in RCIs
Will also purchase warrants for up to £1.5bn of ordinary shares
Jul. 2008: paid 282p a share for a £1.8bn stake.
Challenger (owned by emir of Qatar)
Stake after capital raising: 3pc
To invest: £300m in MCNs
Jul. 2008: paid 282p a share for a £533m stake.
Investor: Sheikh Mansour Bin Zayed Al Nahyan
Stake after capital raising: 16pc
To invest: £3.5bn - £2bn in mandatory convertible notes (MCNs), £1.5bn in reserve capital instruments. MCN conversion price is 153p a share. RCI has a 14pc annual coupon until 2019.
Will also purchase warrants for up to £1.5bn of ordinary shares
Qatar Investment Authority
Stake after capital raising: 13pc
To invest: £2bn - £500m in MCNs and £1.5bn in RCIs
Will also purchase warrants for up to £1.5bn of ordinary shares
Jul. 2008: paid 282p a share for a £1.8bn stake.
Challenger (owned by emir of Qatar)
Stake after capital raising: 3pc
To invest: £300m in MCNs
Jul. 2008: paid 282p a share for a £533m stake.
15 February 2011, 04:58 PM
#17
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That's what they'll trumpet of course but they did indirectly or they would have gone to the wall. See .... http://www.cobdencentre.org/2011/01/...door-bailouts/ ... for one article going on about this ...
"... Barclays may not have taken direct tax payer investment, but it has supped (gorged, really) at the Bank of England’s special liquidity scheme. Without this pork geyser of state aid, Barclays would surely have gone to the wall. This was not some magical money of no consequence that was whistled up out of thin air, it was the taxpayer taking on the very worst risks that they had on their books, in return for freshly printed (electronic) cash, debasing the rest of us in the process. Secondly, Barclays took a bet, not that bits of Lehman’s were being thrown away at rock bottom prices, but that governments would step in and bail out the banking industry as a whole, explicitly as well as implicitly, thus making those bits of Lehman’s worth something. Without the trillions of US taxpayer dollars thrown at Wall Street, those bits would surely be worthless.
Thirdly, the banking industry, Barclays included, have benefited from a hidden bailout. Quantitative easing: a process where the central bank buys assets directly from the banks (often the same bonds the banks bought from the treasury at a lower price some days before), to the engineered ‘positive yield curve’ where banks can buy longer terms assets earning high rates of interest, and then fund them at absurdly low rates at the funding windows of the central bank. The money-making opportunities given to the banks by the state, in the name of ‘balance sheet rebuilding’, are truly obscene.
Can any individual or small business benefit from interest rates at close to zero? Is any normal person able to borrow at those levels? No, of course not, we all know we’re paying many points over the base rate for our overdrafts, credit cards, mortgages and so on. Barclays and others are now raking in mountains from borrowing at close to zero and lending it out at 4, 5, 10 and 20%. And the market is rigged to allow this to happen. Are your hard-earned savings paying much? No, but Barclays takes your money, and uses it to fund its own smart trade ideas – the profits of which it, and Mr Diamond, get to keep.
So, Mr Diamond, I can respect your talents, your chutzpah, acumen and entrepreneurial flair, but please, go and do it in the real world, with a real business, where your talents would, via enlightened self interest and the invisible hand, benefit society enormously, instead of feeding the giant vampire squid attached to all our faces. .... "
Dave
"... Barclays may not have taken direct tax payer investment, but it has supped (gorged, really) at the Bank of England’s special liquidity scheme. Without this pork geyser of state aid, Barclays would surely have gone to the wall. This was not some magical money of no consequence that was whistled up out of thin air, it was the taxpayer taking on the very worst risks that they had on their books, in return for freshly printed (electronic) cash, debasing the rest of us in the process. Secondly, Barclays took a bet, not that bits of Lehman’s were being thrown away at rock bottom prices, but that governments would step in and bail out the banking industry as a whole, explicitly as well as implicitly, thus making those bits of Lehman’s worth something. Without the trillions of US taxpayer dollars thrown at Wall Street, those bits would surely be worthless.
Thirdly, the banking industry, Barclays included, have benefited from a hidden bailout. Quantitative easing: a process where the central bank buys assets directly from the banks (often the same bonds the banks bought from the treasury at a lower price some days before), to the engineered ‘positive yield curve’ where banks can buy longer terms assets earning high rates of interest, and then fund them at absurdly low rates at the funding windows of the central bank. The money-making opportunities given to the banks by the state, in the name of ‘balance sheet rebuilding’, are truly obscene.
Can any individual or small business benefit from interest rates at close to zero? Is any normal person able to borrow at those levels? No, of course not, we all know we’re paying many points over the base rate for our overdrafts, credit cards, mortgages and so on. Barclays and others are now raking in mountains from borrowing at close to zero and lending it out at 4, 5, 10 and 20%. And the market is rigged to allow this to happen. Are your hard-earned savings paying much? No, but Barclays takes your money, and uses it to fund its own smart trade ideas – the profits of which it, and Mr Diamond, get to keep.
So, Mr Diamond, I can respect your talents, your chutzpah, acumen and entrepreneurial flair, but please, go and do it in the real world, with a real business, where your talents would, via enlightened self interest and the invisible hand, benefit society enormously, instead of feeding the giant vampire squid attached to all our faces. .... "
Dave
15 February 2011, 05:21 PM
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15 February 2011, 06:17 PM
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15 February 2011, 06:30 PM
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That's what they'll trumpet of course but they did indirectly or they would have gone to the wall. See .... http://www.cobdencentre.org/2011/01/...door-bailouts/ ... for one article going on about this ...
"... Barclays may not have taken direct tax payer investment, but it has supped (gorged, really) at the Bank of England’s special liquidity scheme. Without this pork geyser of state aid, Barclays would surely have gone to the wall. This was not some magical money of no consequence that was whistled up out of thin air, it was the taxpayer taking on the very worst risks that they had on their books, in return for freshly printed (electronic) cash, debasing the rest of us in the process. Secondly, Barclays took a bet, not that bits of Lehman’s were being thrown away at rock bottom prices, but that governments would step in and bail out the banking industry as a whole, explicitly as well as implicitly, thus making those bits of Lehman’s worth something. Without the trillions of US taxpayer dollars thrown at Wall Street, those bits would surely be worthless.
Thirdly, the banking industry, Barclays included, have benefited from a hidden bailout. Quantitative easing: a process where the central bank buys assets directly from the banks (often the same bonds the banks bought from the treasury at a lower price some days before), to the engineered ‘positive yield curve’ where banks can buy longer terms assets earning high rates of interest, and then fund them at absurdly low rates at the funding windows of the central bank. The money-making opportunities given to the banks by the state, in the name of ‘balance sheet rebuilding’, are truly obscene.
Can any individual or small business benefit from interest rates at close to zero? Is any normal person able to borrow at those levels? No, of course not, we all know we’re paying many points over the base rate for our overdrafts, credit cards, mortgages and so on. Barclays and others are now raking in mountains from borrowing at close to zero and lending it out at 4, 5, 10 and 20%. And the market is rigged to allow this to happen. Are your hard-earned savings paying much? No, but Barclays takes your money, and uses it to fund its own smart trade ideas – the profits of which it, and Mr Diamond, get to keep.
So, Mr Diamond, I can respect your talents, your chutzpah, acumen and entrepreneurial flair, but please, go and do it in the real world, with a real business, where your talents would, via enlightened self interest and the invisible hand, benefit society enormously, instead of feeding the giant vampire squid attached to all our faces. .... "
Dave
"... Barclays may not have taken direct tax payer investment, but it has supped (gorged, really) at the Bank of England’s special liquidity scheme. Without this pork geyser of state aid, Barclays would surely have gone to the wall. This was not some magical money of no consequence that was whistled up out of thin air, it was the taxpayer taking on the very worst risks that they had on their books, in return for freshly printed (electronic) cash, debasing the rest of us in the process. Secondly, Barclays took a bet, not that bits of Lehman’s were being thrown away at rock bottom prices, but that governments would step in and bail out the banking industry as a whole, explicitly as well as implicitly, thus making those bits of Lehman’s worth something. Without the trillions of US taxpayer dollars thrown at Wall Street, those bits would surely be worthless.
Thirdly, the banking industry, Barclays included, have benefited from a hidden bailout. Quantitative easing: a process where the central bank buys assets directly from the banks (often the same bonds the banks bought from the treasury at a lower price some days before), to the engineered ‘positive yield curve’ where banks can buy longer terms assets earning high rates of interest, and then fund them at absurdly low rates at the funding windows of the central bank. The money-making opportunities given to the banks by the state, in the name of ‘balance sheet rebuilding’, are truly obscene.
Can any individual or small business benefit from interest rates at close to zero? Is any normal person able to borrow at those levels? No, of course not, we all know we’re paying many points over the base rate for our overdrafts, credit cards, mortgages and so on. Barclays and others are now raking in mountains from borrowing at close to zero and lending it out at 4, 5, 10 and 20%. And the market is rigged to allow this to happen. Are your hard-earned savings paying much? No, but Barclays takes your money, and uses it to fund its own smart trade ideas – the profits of which it, and Mr Diamond, get to keep.
So, Mr Diamond, I can respect your talents, your chutzpah, acumen and entrepreneurial flair, but please, go and do it in the real world, with a real business, where your talents would, via enlightened self interest and the invisible hand, benefit society enormously, instead of feeding the giant vampire squid attached to all our faces. .... "
Dave
There was me thinking you were serious and believing that nice Mr Diamond. 
15 February 2011, 07:17 PM
#24
Lol at all the armchair economists.
Lap up the press and blame the banks, huh?
Tesco made a bigger profit, but no one bats an eyelid!! No story there, I suppose.
The whole problem was started by certain people falsifying their mortgage applications and defaulting. That's what started companies failing.
If the phrase 'consolidate your debts into one easy loan', & 'now I can afford a holiday' then we all owe you so little.
Lap up the press and blame the banks, huh?
Tesco made a bigger profit, but no one bats an eyelid!! No story there, I suppose.
The whole problem was started by certain people falsifying their mortgage applications and defaulting. That's what started companies failing.
If the phrase 'consolidate your debts into one easy loan', & 'now I can afford a holiday' then we all owe you so little.
15 February 2011, 07:23 PM
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15 February 2011, 07:32 PM
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Any thoughts on my inflation thread? Would be interesting to see what you have to say.
15 February 2011, 08:43 PM
#29
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Secondly, Barclays took a bet, not that bits of Lehman’s were being thrown away at rock bottom prices, but that governments would step in and bail out the banking industry as a whole, explicitly as well as implicitly, thus making those bits of Lehman’s worth something.
Dave
Dave
Lehman may have indirectly benefited from various schemes however it was not a participant in TARP and all Barclays needed to do was keep Lehman trading and they would have made a stack of money as they bought it for such a low price.
The comments above simply sound like sour grapes.
15 February 2011, 08:44 PM
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2008 figures on barclays share ownship:
Investor: Sheikh Mansour Bin Zayed Al Nahyan
Stake after capital raising: 16pc
To invest: £3.5bn - £2bn in mandatory convertible notes (MCNs), £1.5bn in reserve capital instruments. MCN conversion price is 153p a share. RCI has a 14pc annual coupon until 2019.
Will also purchase warrants for up to £1.5bn of ordinary shares
Qatar Investment Authority
Stake after capital raising: 13pc
To invest: £2bn - £500m in MCNs and £1.5bn in RCIs
Will also purchase warrants for up to £1.5bn of ordinary shares
Jul. 2008: paid 282p a share for a £1.8bn stake.
Challenger (owned by emir of Qatar)
Stake after capital raising: 3pc
To invest: £300m in MCNs
Jul. 2008: paid 282p a share for a £533m stake.
Investor: Sheikh Mansour Bin Zayed Al Nahyan
Stake after capital raising: 16pc
To invest: £3.5bn - £2bn in mandatory convertible notes (MCNs), £1.5bn in reserve capital instruments. MCN conversion price is 153p a share. RCI has a 14pc annual coupon until 2019.
Will also purchase warrants for up to £1.5bn of ordinary shares
Qatar Investment Authority
Stake after capital raising: 13pc
To invest: £2bn - £500m in MCNs and £1.5bn in RCIs
Will also purchase warrants for up to £1.5bn of ordinary shares
Jul. 2008: paid 282p a share for a £1.8bn stake.
Challenger (owned by emir of Qatar)
Stake after capital raising: 3pc
To invest: £300m in MCNs
Jul. 2008: paid 282p a share for a £533m stake.