Is predicted to keep rising - can't see how this will be as good for BARC although apparently May is primarily seeking a longer negotiating period from the election win so the advantage of a softer Brexit may offset this! Hope Stayley survives to deliver a great report on Thursday.
Say what you like about Barclays’ American boss Jes Staley (please, knock yourself out) but don’t assume he’s a stereotypical Wall Streeter with an underdeveloped sense of irony.
Staley has, of course, landed himself in the soup over his attempts to unmask an internal whistleblower, who was supposedly saying mean things about a close pal and colleague. That resulted in an official warning for Staley earlier this month – but a more charitable interpretation might be that the bungling spymaster act was merely a satirical homage to the old Barclaycard ads featuring Rowan Atkinson’s incompetent MI7 spook, Latham.
You remember the sort of thing: an earnest Latham tries to show off his espionage skills, only to accidentally shoot himself in the scrotum with a tranquilliser pen. Or the one where our hero tries to buy a ****et by haggling with a trader in local dialect: “You sound fluent, sir.” “We are both fluent, Bough; sadly in different languages”.
So, by that reading, Staley’s efforts were not the shameful trampling over whistleblower protocols they originally appeared to be. Instead, they were a cruelly misunderstood and affectionate comic tribute to a vintage period of the bank’s advertising. Please remember that when he faces the City for the first time since being publicly disgraced, at Barclays’s quarterly results this week.
For all of us long term in this share and buying through sharepurcahse this fall is a boon. Able to buy more shares for the same money each month and you know what at approx. 30% discount to the market each month it makes these shares even sweeter!
Thanks to everyone that has donated I have raised nearly £600 mostly from people on here which has been so incredible I really didn't think that I would raise more than £100 am giving this one last push..am running the London marathon on Sunday for the animal hope and wellness foundation that saves dogs from being tortured, burnt alive, boiled alive in the Asian dog meat trade please donate at. Neil beedie just giving Thank you all so much :)
Can anyone explain why Staley is being investigated by Financial Authorities ? The fact that he tried to find out who leaked a memo about the appointment of his mate does not cross the line. In order for him to commit a sin, the whistleblower would need to have leaked info about a breach of financial practice that could be prosecuted by the authorities concerned, and the memo concerned does not do this. Whats really the problem here ?
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.