|Bid||39.70 x 0|
|Ask||0.00 x 0|
|Day's Range||39.70 - 39.70|
|52 Week Range||28.00 - 39.70|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
When an activist investor comes knocking, boards like to look busy—particularly if the activist is directly funded by a handful of your existing shareholders. of the U.K. is in just such a position, but the idea that one potential answer is a merger of this trans-Atlantic consumer and investment bank with Standard Chartered, a trade-finance-driven emerging-markets bank, as reported in British media, seems unlikely to say the least. ’s Sherborne Investors, which disclosed a 5% stake in March.
A mega merger between Barclays and Standard Chartered? The reason the story got the attention it did is due to the presence of activist Edward Bramson on the Barclays shareholder register, and the perception that the bank has got to do something to address him. People have, after all, been talking about Standard Chartered, which is focused on what are sometimes patronisingly referred to as ‘emerging markets’, and Barclays getting together for years.
U.S. stock futures were falling on Wednesday, May 23, and global stocks tumbled as sentiment was dented by comments from Donald Trump that cast doubt on a planned nuclear summit with North Korea and ongoing trade talks with China. Trump told reporters in Washington there was a "substantial chance" his June 12 meeting in Singapore with North Korea's Kim Jong Un may not take place, given the change in tone the regime has displayed since criticizing a joint U.S.-South Korea military exercise last week. Trump insisted, however, there was still a "good chance" a meeting will ultimately take place.
Martin Gilbert, co-chief executive officer at Standard Life Aberdeen, discusses the potential for a merger between Barclays Plc and Standard Chartered. He speaks with Bloomberg's Guy Johnson on “Bloomberg ...
Barclays Plc is not exploring a potential merger with other banks, two sources close to the bank told Reuters, dismissing a media report that said Barclays was considering a possible deal with rivals, including Standard Chartered. The Financial Times reported on Wednesday that Barclays' senior board members were exploring a deal with another bank and chairman John McFarlane was keen on the idea of a possible combination with StanChart. Barclays and Standard Chartered declined to comment on the FT report.
A sense of chaos engulfed Barclays on Wednesday after it emerged that chairman John McFarlane has tentatively explored a merger with Standard Chartered and potentially several other banks. Standard Chartered is Asia-focused, a market Barclays is pointedly avoiding.While the talks are unlikely to lead to a deal, they put fresh pressure on Staley, still recovering from a whistleblowing scandal that saw him penalised by watchdogs. Barclays is also fending off activist investor Ed Bramson, who has a 5% stake and wants the bank to scrap its investment banking arm.
By Danilo Masoni MILAN (Reuters) - European shares pulled back on Wednesday as a drop in crude prices stopped a long run in energy stocks and uncertainty over the creation of an anti-establishment government ...
Barclays is reportedly looking into a potential merger with Standard Chartered or other rival banks, in response to pressure from an activist investor. Edward Bramson of Sherborne Capital has built up a 5.4 per cent stake in Barclays and may pressure the board to slim down the bank’s underperforming corporate and investment banking division so it can hand back capital to shareholders, the Financial Times reported. To head off this threat Barclays has drawn up contingency plans, including the Standard Chartered tie-up and “hypothetical combinations” with Deutsche Bank, Credit Suisse and Singaporean bank DBS, according to Barclays sources cited by the newspaper.
Barclays has been privately exploring a possible merger with rival international banks, including Standard Chartered, in response to pressure from an activist investor who has become one of its biggest shareholders.
Barclays Plc (BARC.L) is not actively exploring a potential merger with rivals, two sources close to the bank said, as speculation mounts about how the British lender plans to defend itself against activist investor Edward Bramson. The Financial Times reported on Wednesday that Barclays' senior board members were exploring a deal with another bank and chairman John McFarlane was keen on the idea of a possible combination with Standard Chartered (STAN.L). Barclays declined to comment on the FT report.
The latest potential suitor is Barclays Plc, which is reported by the Financial Times to be exploring a merger (read takeover) of StanChart. London-listed Barclays isn’t considering a possible deal, Reuters reported, citing two people close to the lender. The deal can be made to look sensible, even sexy, in a PowerPoint presentation: Barclays is big in U.S. investment banking, thanks to its acquisition of most of Lehman Brothers Holdings Inc.’s American business in the wake of the financial crisis.
Bloomberg's Russell ward reports on a possible merger between Barclays PLC and Standard Chartered Bank. Ward speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)
Directors from Barclays and Stanchart met to discuss the potential benefits of merging, the Financial Times reported.
Standard Chartered Plc said it’s focused on its strategy and isn’t responding to “speculation” in a newspaper report that Barclays Plc has been exploring a potential merger with the emerging markets lender. Barclays hasn’t held discussions with Standard Chartered and the British bank isn’t actively pursuing a deal, according to a person familiar with the company’s thinking. Barclays’s directors have been considering “hypothetical combinations” with lenders including Deutsche Bank AG, Credit Suisse Group AG and DBS Group Holdings Ltd., the Financial Times reported Wednesday, citing unidentified people close to the matter.
At a minimum, Barclays would need to pay Standard Chartered investors the tangible book value — a one-quarter premium to market value. Barclays would gain access to Standard Chartered’s £400bn of Asian depositor funding, too. This suggests Barclays would have to cut into Standard Chartered’s Asian business — which it apparently desires — to find savings.
When your underlying index is filled with thousands of fixed-income securities, tracking it isn’t exactly a simple task. The crux of the problem: It’s essentially impossible to own every note and bond in the benchmark. If you therefore use a selection of its constituents to replicate the benchmark, you have to continually tweak the characteristics of your optimized portfolio to home in on the performance of the underlying index.
Barclays PLC said a British court dismissed charges brought against the bank over its emergency fundraising from Middle Eastern investors during the financial crisis. The decision is a major setback for the U.K.’s Serious Fraud Office, which had spent five years probing how Barclays wooed Qatari investors to prop up the bank during the 2008 crisis. The SFO last summer charged the bank with several counts, accusing it of lending $3 billion to Qatar to effectively fund its own bailout. The SFO also probed hundreds of millions of dollars of “advisory services” that were paid by Barclays to Qatari investors. The payment wasn’t initially disclosed after the capital was raised.
Just a year ago, the problems were coming thick and fast for Jes Staley. and been forced to defend the disappointing performance of its investment bank. Roll forward 12 months and Mr Staley has sailed through relatively unscathed.
LONDON (AP) — A court has dismissed charges against Barclays relating to its emergency fundraising from Qatar at the height of the financial crisis.
A British court has dismissed charges brought by the Serious Fraud Office (SFO) against Barclays over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business operations. The SFO was however not prepared to let the case drop. "We are likely to seek to reinstate the charges by applying to the High Court," an SFO spokesman said.
A British court has dismissed charges brought by the Serious Fraud Office (SFO) against Barclays (BARC.L) over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business operations. The SFO was however not prepared to let the case drop. "We are likely to seek to reinstate the charges by applying to the High Court," an SFO spokesman said.
Barclays (BCS) doesn't plan to enter Irish mortgage market with the deal to acquire home loans. The bank intends to resale loans as securitized bonds.