|Bid||165.28 x 423300|
|Ask||165.34 x 350000|
|Day's Range||164.92 - 167.10|
|52 Week Range||145.00 - 217.65|
|Beta (3Y Monthly)||0.09|
|PE Ratio (TTM)||17.96|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||0.07 (4.20%)|
|1y Target Est||221.84|
Allianz and Amundi are both considering deals to take over Deutsche Bank's asset management unit DWS, sources close to the matter said on Wednesday. Germany's biggest bank is looking at a possible tie-up with Commerzbank, with talks now in their sixth week, increasing speculation about a sale of DWS which could generate funds for Deutsche Bank to finance the merger. Allianz, which is Germany's biggest insurer, and the French asset manager mostly owned by Credit Agricole, are separately working with their advisers on a possible deal with DWS, the sources told Reuters.
Barclays Chief Executive Officer Jes Staley, in charge since 2015, has pushed a strategy of expanding the firm’s investment-banking operations -- a plan that has come under increased pressure since Bramson’s Sherborne Investors began buying up shares and agitating for change. The division that houses trading and investment banking has the lowest return on equity, a measure of profit, of any unit at the U.K. bank.
Oil may be the next saving grace. Investors say a potential uptick in crude prices might be the latest tailwind for the developing world after the White House scrapped waivers tied to Iranian oil sanctions.
Edward Bramson, the activist shareholder seeking a seat on Barclays’ board, worries that chief executive Jes Staley is too much of an investment banker. In all of this, Mr Staley is quite the opposite of his Minotaur-admiring, vocally colourful, and more generous former head of investment banking, Tim Throsby, if anecdotes are any guide. Mr Throsby oversaw an expansion at Barclays’ Corporate and Investment Bank that funded many a second home but paid scant regard to Mr Staley’s target of a 10 per cent return on tangible equity.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Barclays to cut bonuses for investment bankers https://on.ft.com/2PpB44d ...
The British bank is cutting bonuses as part of a cost-cutting measure to enhance returns at the bank's underperforming investment division, the FT said, citing several people briefed on the plans. Monday was a public holiday in Britain, and Barclays declined to comment on the matter. Last month, the chief executive of Barclays, Jes Staley, took direct control of its investment bank and ousted head Tim Throsby in a surprise shake-up.
British state-controlled lender the Royal Bank of Scotland has doubled its funding pot to support small businesses to 6 billion pounds ($7.8 billion), but says the extra cash is no longer primarily for Brexit-proofing businesses. NatWest, the biggest trading arm of RBS, said it had topped up its so-called Growth Fund in response to high demand from firms in industries including green energy and technology. It said at the time that it was doing so after identifying nearly 2,000 businesses it lent to that were likely to suffer payment or supply problems due to Britain's exit from the European Union.
Moody's Investors Service ("Moody's") has assigned a P-1 letter of credit-backed rating to District of Columbia General Obligation Commercial Paper Bond Anticipation Notes, Series 2019 (the Notes). Barclays Bank PLC (the Bank) will issue a letter of credit (LOC) to support the Notes. Upon the effective date of the LOC, the rating on the Notes will be based on (i) the LOC provided by the Bank, (ii) the structure and legal protections of the transaction which provide for timely payment of principal and interest to Note holders, and (iii) our evaluation of the credit quality of the Bank issuing the LOC.
Britain’s last remaining global investment bank is planning to cut bonuses as part of a cost-cutting drive to boost returns at the underperforming investment division, according to several people briefed on the plans. The rate at which bankers accrue annual bonuses is set to be more closely tied to performance, with accrual in the first quarter expected to be down by double digits compared with last year.
Last year in October, I took the daunting step, for a 19 year-old, of travelling to New Zealand to work on a farm for five months.
Institutional Shareholder Services, a proxy adviser, said Edward Bramson, the activist investor, had “not presented a sufficiently compelling case” in his campaign to convince other investors to vote him on to the Barclays board at its annual meeting on May 2. Mr Bramson has built up a 5.5 per stake in Barclays via his Sherborne Investors vehicle and is pushing for the UK-based lender to scale back its underperforming investment bank in an attempt to boost overall returns.
British bank Barclays and hedge fund Red Kite Group have settled a legal dispute in which the fund accused the bank of manipulating the copper market and causing it to lose money. "Legal proceedings between the Red Kite group as Claimants and Barclays Bank PLC as Defendant have been concluded on mutually acceptable terms," Barclays said in a statement on Thursday, without giving details of the settlement. Red Kite in 2017 sued Barclays for $850 million, alleging in court documents that the bank's proprietary traders were able to see the hedge fund's confidential trading positions on the London Metal Exchange (LME) that were being executed by another division of Barclays.
Retail sales “smashed expectations” in March as consumers continued to power the UK economy, despite a sharp rise in credit card defaults, official figures showed on Thursday. Retail revenues were up 1.1 per cent last month compared with February, much better than economists’ expectations of a fall of 0.3 per cent, the Office for National Statistics said on Thursday. The figures, which relate to the first three months of this year, raise questions over the sustainability of consumer spending.
Red Kite had previously said actions by Barclays traders cost it at least $850 million between 2010 and 2013. The lawsuit has been closely watched in the metals market and legal circles. Many were awaiting the outcome of a trial scheduled for 2020, which would have pitted the commodities hedge fund against a bank that has been rocked by claims of manipulative trading spanning interest rates, currencies and precious-metal markets.
Big European banks are set to report their first-quarter earnings and some investors fear that poor report cards could lead to further volatility.
BNP Paribas could raise outside money for its first such fund, known as a direct-lending fund, as soon as this year, according to a person with knowledge of the matter. Discussions at Barclays are more preliminary, but any fund set up could offer a broad range of financing options, according to separate people. The banks are considering following the lead of Goldman Sachs Group Inc., which decades ago set up a direct lending arm that has helped it win fees.
The GBP 198,187,000 Class B Mortgage Backed Floating Rate Notes due October 2051, the GBP 160,437,000 Class C Mortgage Backed Floating Rate Notes due October 2051, the GBP 84,937,000 Class D Mortgage Backed Floating Rate Notes due October 2051, the GBP 56,625,000 Class E Mortgage Backed Floating Rate Notes due October 2051, the GBP 52,850,000 Class F Mortgage Backed Floating Rate Notes due October 2051, the GBP 88,714,000 Class Z Mortgage Backed Notes due October 2051, the GBP 132,125,000 Class XA1 Mortgage Backed Floating Rate Notes due October 2051, the GBP 113,250,000 Class XA2 Mortgage Backed Floating Rate Notes due October 2051, and the Class XB Certificates have not been rated by Moody's. The loans are backed by a pool of prime UK residential mortgages, which are currently securitized assets within Towd Point Mortgage Funding 2016-Granite 1 PLC ("Granite 1") and Towd Point Mortgage Funding 2016 - Granite 2 Plc ("Granite 2").
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Barclays Bank Mexico, S.A. New York, April 15, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Barclays Bank Mexico, S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
The blue-chip index ended a lacklustre session about flat, lagging its European peers, while the FTSE 250 held on to its six-month high with a 0.5 percent rise as a stronger pound also aided. The pound's gains followed upbeat comments from Britain's foreign minister Jeremy Hunt on talks between the government and the opposition Labour Party to find a consensus over Brexit.
(Reuters) - Britain's main index lost ground on Monday as miners and oil majors fell, more than offsetting gains in bank stocks. The FTSE 100 was 0.2 percent lower, lagging its European and Asian counterparts, ...
The row between Barclays and Ed Bramson ramped up another notch on monday when the rebel investor attacked the make-up of the board and questioned the competence of incoming chairman Nigel Higgins. Bramson, a corporate raider who specialises in taking stakes in underperforming companies and agitating for change, is seeking a seat on the board as he pushes his plan for Barclays to ditch all or part of its investment bank. While the chances of him securing a seat are low — few investors have backed him — the continuing weakness of the Barclays share price is making him hard to ignore.
Activist Edward Bramson on Monday made a renewed plea for Barclays' investors to give him a seat on the bank's board, as the war of words between his Sherborne Investors fund and the lender's management ratchets up. Both camps have begun a back-and-forth courting of shareholders ahead of the bank's May 2 annual general meeting as Bramson attempts to muscle in on decision-making at the company and push through his proposal for a strategic overhaul of Barclays investment bank. After both issued statements last week laying out their case, New York-based Bramson again wrote to investors on Monday to say nothing Barclays had said had made him change his view about what needed to change at the bank.
Edward Bramson, the activist investor targeting Barclays, has extended the duration of an arrangement with Bank of America that allowed him to build the majority of his stake with a $1.4bn loan. to buy most of his Barclays shares, the Financial Times reported in February, helping him amass a stake of 5.5 per cent that has made him the company’s third-largest shareholder. whereby BofA borrowed the Barclays shares and sold them to Mr Bramson while also providing him with the financing.