We would love to hear your thoughts about our site and services, please take our survey here.
Barclays has been named the 'World’s Best Bank for Markets' in Euromoney’s annual global Awards for Excellence 2020. This is the first time Barclays has won this prestigious award which recognises the transformation of the investment bank’s sales, trading, and structuring business.
I'm not bitter, not at all, far from it. We shall wait and see what happens, time will tell. Surely to any business minded person keeping any part of a business which is unprofitable makes very little sense, regardless.
A takeover by Kretinsky , he could easily do that, sell of the profitable assets, keep GLS and let the whoever the government, the unions keep the loss making postal service, good riddance as far as I am concerned. Good for all shareholders.
Break up and asset strip seems more than likely now, certainly would not surprise me
Goldman Sachs and Barclays are reportedly among bidders for General Motors credit card unit.
The two banks are among a small number of suitors for the car company’s credit card business which has about $3bn (£2.3bn) in outstanding balances, according to The Wall Street Journal.
I wonder how the shorter's are getting along? Its been quite a nice rise from the low's.
It is my understanding that Barclays are just covering themselves in the event people lose their jobs and stopping anyone from maximising their borrowing on their credit cards without the ability or means to pay it back. It only makes sense. They would not reduce your limit below any outstanding amount of debt.
Has DK increased his stake?
"lloyds will survive and come back but I think it will be years"
Since the 2008 financial crash, lloyds has never really recovered, and that has been over 10 yrs now. Seems like its another PPI all over again, at the expense of poor shareholders.
I have been holding these from the last financial crash and been slowing buying more through the years, however fed up of no real progress being made. I'm in no rush to sell and can afford to wait. My average is around the 1.16 mark. I always thought this would make a good pension fund, not so sure now.
DK keeps increasing his stake then we may see £2 a lot sooner than you think. £3 come xmas
Interesting snippet from Evening Standard
Others suggest he is more probably seeing Royal Mail as undervalued. He has previously invested in US retailers Footlocker and Macy's and French supermarkets group Casino as well as numerous Eastern European logistics companies.
I wonder he if he still owns stakes in these Eastern European logistics companies. Makes sense why he would want to buy GLS
Goldman Sachs Group Inc's trading revenue doubled in the second quarter, driven by big swings in stock and bond markets since March, helping the bank beat estimates for quarterly profit by a wide margin.
The bank's shares jumped nearly 4% in premarket trading as it posted a 93% surge in revenue in its global markets unit, which houses the trading business, cushioning it from the coronavirus downturn.
The performance highlighted the resurgence in trading across Wall Street banks in the second quarter, with JPMorgan Chase also reporting a huge quarter as financial market volumes hit record-breaking levels.
Hopefully get a little boost when U.S Markets open. Bodes well for Barc's results in its investment banking
https://www.bloomberg.com/news/articles/2020-07-09/barclays-leapfrogs-u-s-rivals-for-home-win-in-equity-markets
Lets hope this continues, Staley's decision to keep the investment banking devision looks very wise indeed.