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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

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Share Price: 203.45
Bid: 203.40
Ask: 203.45
Change: 0.75 (0.37%)
Spread: 0.05 (0.025%)
Open: 200.75
High: 205.25
Low: 198.84
Prev. Close: 202.70
BARC Live PriceLast checked at -

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Barclays has enough capital for Basel III requirements

Wed, 29th Sep 2010 14:48

Stricter banking rules are likely to raise funding costs for banks, Bob Diamond, the boss of Barclays's investment banking arm, Barclays Capital, warned on Thursday.Diamond, who is due to take over as chief executive officer of Barclays when John Varley steps down, told the Bank of America Merrill Lynch Banking & Insurance CEO Conference in London that the new capital rules, commonly referred to as "Basel III", due to be phased in from 2013 could add as much as £60bn to Barclays' risk-weighted assets (RWA) in assessing market risk, while the total impact of all the reforms, set to be fully implemented by 2019, could add up to £150bn to the bank's RWA.Despite the added burden Diamond said he believed the bank has enough capital to meet the more stringent requirements. "Of course we have a lot of work to do to adapt to the new Basel framework but from what we know and can see today we believe we have enough equity capital and it is not our objective to turn to our shareholders for more," Diamond said.The Basel III framework will require banks to more than double their capital reserves in a move designed to prevent a repeat of the near collapse of the banking system in 2007.Diamond thinks the new regulations will force a change of attitude among banks, with an increased emphasis on service, as it becomes harder to compete on cost. "Customers' decisions will be relationship led, not transaction or price led," Diamond predicted.
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23 Apr 2024 07:59

Citi remains 'overweight' UK banks; HSBC and Barclays 'top picks'

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22 Apr 2024 09:04

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(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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19 Apr 2024 09:26

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19 Apr 2024 08:49

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18 Apr 2024 14:17

UK earnings, trading statements calendar - next 7 days

Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
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Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Hikma Pharmaceuticals PLCTrading Statement
Focusrite PLCHalf Year Results
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
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12 Apr 2024 08:55

UK regulator struggles to obtain data for motor financing probe

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12 Apr 2024 07:59

UK banks must prepare for car finance claims, says watchdog

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11 Apr 2024 14:15

Barclays hires UBS banker Abati as co-head of energy transition for EMEA

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10 Apr 2024 19:26

Barclays reduces Fed rate cut view to one in 2024

NEW YORK, April 10 (Reuters) - Barclays economics team on Wednesday said it now sees the U.S. Federal Reserve cutting rates just one time in 2024, by 25 basis points (bps), in light of the upside surprise to the consumer price index (CPI) data released today.

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Sabadell feels no pressure from British M&A activity to sell TSB

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