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Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
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Share Price: 204.00
Bid: 203.10
Ask: 203.30
Change: 12.86 (6.73%)
Spread: 0.20 (0.098%)
Open: 195.96
High: 206.70
Low: 194.00
Prev. Close: 191.14
BARC Live PriceLast checked at -

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Investec 'agrees with logic' of Barclays fine deferral

Wed, 12th Nov 2014 12:01

Investec maintained its 'buy' recommendation on Barclays after agreeing with the bank's logic in deciding "not to play" in Wednesday's otherwise predictable "round one" of regulatory settlements for forex rigging. After the UK's Financial Conduct Authority (FCA) and the US's Commodity Futures Trading Commission (CFTC) imposed fines totalling £2bn on five banks, Barclays held off from agreeing to any amount yet. It is seeking a co-ordinated settlement to include other agencies such as the US Department of Justice, Securities Exchange Commission, New York Department of Financial Services and the Swiss regulator.RBS warned of potentially "significant" further settlements with these other agencies.Investec said some comfort was offered by Barclays' reference that its consideration would be on "closely similar terms" to those announced so far, and added that the bank had not provided any clarity as to whether it may have forgone the standard 30% discount for early-stage settlement."Frankly, we agree with Barclays' logic," analysts wrote."The announced settlements are broadly as leaked in the press, and as provided for at [the third-quarter stage], but provide no greater visibility on the timing and quantum of overall global settlements for the 'FX five'."We continue to assume, although it is not confirmed, that Barclays' £0.5bn provision primarily attaches to anticipated FCA/CFTC settlements."The broker said it believed "it makes more sense" to seek a co-ordinated global settlement rather than be picked off by the regulators one by one and reiterated its 295p target price for the stock.
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Barclays Q1 profit falls 12% as trading slump hits

Q1 profit of 2.3 bln pounds, just above forecasts

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25 Apr 2024 08:36

TOP NEWS: Barclays first quarter profit falls but beats expectations

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25 Apr 2024 07:01

Barclays Q1 profits fall 12%

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24 Apr 2024 22:47

Microsoft-backed Rubrik prices IPO above range at $32 per share, source says

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24 Apr 2024 19:38

Barclays takes EUR260 million loss from Italian mortgage book sale

(Alliance News) - Barclays PLC on Wednesday said it would book a EUR260 million pretax loss after agreeing the disposal of its Italian mortgage portfolio.

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24 Apr 2024 11:57

Thursday preview: US Q1 GDP, Barclays in focus

(Sharecast News) - Investors' attention on Thursday will be on a first reading for U.S. gross domestic product growth during the first quarter.

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23 Apr 2024 13:26

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

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