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Barclays Share Chat (BARC)



Share Price: 229.65Bid: 229.35Ask: 229.45Change: 0.00 (0.00%)No Movement on Barclays
Spread: 0.10Spread as %: 0.04%Open: 229.95High: 230.00Low: 226.50Yesterday’s Close: 229.65


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MY21
Posts: 2,989
Off Topic
Opinion:No Opinion
Price:218.05
Speculation by Mail On Sunday
27 Jul '14
Barclays is expected to reveal half-year profits of £3 billion on Wednesday, almost double last year’s interim profit of £1.67 billion.
 
MY21
Posts: 2,989
Off Topic
Opinion:No Opinion
Price:218.05
Goldman's settlement speculation
27 Jul '14
NEW YORK, July 26 (Reuters) - A deal to resolve a U.S. regulator's claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a person familiar with the matter.

The person said Goldman Sachs is discussing a settlement with the Federal Housing Finance Agency (FHFA), which filed 18 lawsuits against Goldman and other banks in 2011 over about $200 billion in mortgage-backed securities that later went sour.

Goldman Sachs and the FHFA declined to comment on Saturday.

The upper end of the range matches the amount Morgan Stanley agreed to pay in February to resolve the FHFA's claims against it. The person familiar with the matter said the negotiations are still ongoing, and the final amount of any deal remains fluid. The person was not authorized to speak publicly on the matter.

The Wall Street Journal first reported the settlement talks.

The FHFA has recovered $16.1 billion in agreements with other banks . Goldman is among four banks still facing FHFA mortgage-related lawsuits, along with HSBC Holdings PLC , Nomura Holdings Inc and Royal Bank of Scotland Group PLC.

On Wednesday, Goldman, HSBC and Noumra argued that U.S. District Judge Denise Cote in New York, who is overseeing the litigation, should reconsider her decision that the agency did not wait too long in suing the banks.
The renewed bid to dismiss the lawsuits based on timeliness issues stemmed from a June ruling from the U.S.
Supreme Court. The court ruled in an environmental case that a federal law did not preempt a state-law statute that placed time limits on bringing a lawsuit that applied even if a plaintiff did not know it had a claim.

But Cote warned the banks on Wednesday they faced a "steep hill to climb."

Goldman Sachs and HSBC are scheduled to face trial Sept. 29. A trial in the Nomura case is due for Jan. 26, 2015.

The case is Federal Housing Finance Agency v. HSBC North America Holdings Inc, U.S. District Court, Southern District of New York, No. 11-6189. (Reporting by Lauren Tara LaCapra; Additional reporting by Nate Raymond; Writing by Joseph Ax; Editing by Bernard Orr)
rustybucket
Posts: 8,346
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:218.05
directors have to pay tax
26 Jul '14
On performance based pay

Its their pay in shares and they have to pay tax just like other people. New rules to ensure that they act responsibly as tied in.
Directors Shares held before the transaction Date of transaction Shares allocated to PDMR2 Price per Share allocated Shares deducted to cover tax liabilities2 on Role Based Pay Balance of Shares held

Directors A B C A+B-C

A Jenkins1 - Role Based Pay 3,935,310 30.06.14 221,197 2.1474 +103,963
topdingo
Posts: 46
Off Topic
Opinion:No Opinion
Price:218.05
Monty, 'cashing in...' dir deals...
26 Jul '14
I'm unsure about the tax implication (previous replies but thanks)...why not keep the money in reserve & simply pay the tax when due?, & doesn't it fall due in the next tax year? What I am trying to determine is : Are the directors "betting" their OWN money with these deals? Put to one side scrip
dividends or options, is this their own money...and I THINK IT IS !. Love xxx
SUFCESSEX
Posts: 2,097
Answer
Opinion:No Opinion
Price:218.05
View Thread (2)
RE: Target price more than 400!
26 Jul '14
I agree Banking shares are very very cheap

BUT INHO Barclays today Are Bargain of the century .. its amazing we are 218p honest unbelievable

Over cooked and over sold dog 24/7 by the bloody media and yes I will be still waiting for 450p to 550p as planned in Sept 2013 , before I cash in my spread eagle shares ( Personnel Pension ) PS I hold 2 company pensions as well ... basically its MY own Money that the HMG cannot touch I save as I go ..lol

EVERYONES A WINNER :-)
fleccy
Posts: 79
Off Topic
Opinion:No Opinion
Price:218.05
View Thread (2)
RE: Mr Schneiderman
26 Jul '14
Another interesting article that gives some insight. These aren't about Barclays, but interesting.

http://spectator.org/articles/56339/shakedown-schneiderman
fleccy
Posts: 79
Off Topic
Opinion:No Opinion
Price:218.05
View Thread (2)
Mr Schneiderman
26 Jul '14
Dug out an interesting article about Attorney General Schneiderman.

http://observer.com/2014/02/the-politics-and-power-of-a-g-schneiderman/
Montecristo
Posts: 72
Off Topic
Opinion:No Opinion
Price:218.05
View Thread (4)
RE: Help pls - directors deals...?
26 Jul '14
I think they are cashing their options, in which case they would have to pay capital gains tax. I read somewhere a few months ago about directors of another company selling about 40% of their share options to cover the tax, but I could be totally wrong.
sarantos
Posts: 12
Off Topic
Opinion:No Opinion
Price:218.05
View Thread (2)
Target price more than 400!
26 Jul '14
Hello guys,

What do you all mean with 250 and 270p ?
My intention is that -at some point in time - I will sell at over 400 ! I would even say 500 but I am afraid that you will think that I am insane.
I may play now with the route 240-300, but this is because of the general bad taste that the market has for banks.
Remember that in the past we had see much higher prices.
European Bankong is in crisis in general.
If the situation clears, or more correctly, if the market feels that it will soon clear, you will see prices that you will not believe in your eyes.
Prices of Banking shares are not recovered from the crisis that hit the world economy 6 years ago, but this is going to change in the near future. It has no choice.
SUFCESSEX
Posts: 2,097
Answer
Opinion:No Opinion
Price:218.05
View Thread (2)
RE: Index business
26 Jul '14
Good day AlanG

Also add the up coming sell of our Spanish Operations for couple of billion EUROS going in the cash pot

Good update will send us to the Back 250s... still cheap as chips IMHO for UK no1 International Bank

I just say one word .... BARCLAYCARD !! will be the big winner IMHO

Enjoy the sun and the rise next week :-) over cooked and oversold cooked up by the media that's gunning to knock Barclays Bank on any opportunity ...

I now added another 11000 baby eagles under my old average prices of 263p in 6 months ....

Very much looking forward to my next quarterly dividend to ease the pain

£360 not bad for a Dog of a Share

Keep the Faith and we be winners here matey



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