|Bid||0.00 x 40000|
|Ask||10.30 x 47300|
|Day's Range||10.10 - 10.21|
|52 Week Range||9.29 - 12.55|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.20 (2.03%)|
|1y Target Est||11.70|
When an indebted infant health-care company in Atlanta wanted to borrow hundreds of millions of dollars to buy a rival in Pasadena, it turned to a lender thousands of miles away in London.
Moody's Investors Service has assigned a MIG 1 / VMIG 1 rating to the RIB Floater Trust (Barclays Liquidity) Floating Rate Trust Receipts (FLOATER-TRs), Series 2018-FR/RI-013 (the Receipts). The long-term rating is based upon the rating of the underlying custodial receipts, Custody Receipts, RIB Floater Trust, Series 2018-FR/RI-013, deposited into the trust. Events that would cause the liquidity facility to terminate without a mandatory purchase of the Receipts are related to the credit quality and the tax status of the underlying custodial receipts deposited into the trust.
Moody's Investors Service ("Moody's") has assigned provisional long-term credit ratings to the Notes to be issued by Gemgarto 2018-1 Plc: ....GBP M Class A Mortgage Backed Floating Rate ...
Moody's Investors Service has assigned a MIG 1 rating to Custodial Receipts, RIB Floaters Trust, Series 2018-FR/RI-013 (the Receipts) evidencing an undivided interest in Board of Education of the City of Chicago Educational Purposes Tax Anticipation Notes, Series 2017J (the Notes).
One former Barclays Plc trader was convicted, one ex-Deutsche Bank AG executive pleaded guilty and another from that lender was acquitted of conspiring to rig Euribor, the interest rate benchmark behind trillions of dollars worth of securities. Philippe Moryoussef was found guilty of manipulating Euribor, while Achim Kraemer was acquitted. The jury was unable to reach a verdict on Colin Bermingham, Sisse Bohart and Carlo Palombo.
Three former Barclays (BARC.L) bankers face a possible retrial after a London jury was unable to reach a verdict on charges that they conspired to manipulate global Euribor interest rates. The Serious Fraud Office (SFO) prosecutor said the alleged scam was masterminded by two French men: Philippe Moryoussef, who was tried and convicted in absentia, and Christian Bittar, a former Deutsche Bank (DBKGn.DE) trader who pleaded guilty before the trial began. - Achim Kraemer, a 53-year-old former altar boy from a rural German village who called a priest as a character witness, said he saw nothing wrong with traders making rate requests but had little to do with them.
ASSIGNMENTS: Custodial Receipts (Barclays RIB), Custodial Receipts, RIB Floater Trust US$ 8.95M 5.00% Series 2018-FR/RI-014 due 2042 ...Aa2 (Barclays Bank PLC/ Letter of Credit - Direct Pay) Custodial ...
Moody's Investors Service has assigned a Aa3 enhanced rating to Custodial Receipts (Barclays), Series 2018-XL0068D (the Receipts) relating to Hawaiian Electric Company, Inc. Special Purpose Revenue Bonds, Refunding Series 2017B (Department of Budget and Finance of the State of Hawaii) (the Bonds). The rating assignment on the additional Custody Receipts is a result of the deposit of additional bonds into the trust. The rating is based upon joint default analysis (JDA), which reflects Moody's approach to rating jointly supported transactions.
Barclays Africa Group Ltd. is no more. The lender on Wednesday ditched the name to revert to Absa Group Ltd. as it severs ties with Barclays Plc after the London-based company sold down the controlling stake it bought in 2005. Absa Chief Executive Officer Maria Ramos, 59, in April refocused the lender around four divisions -- retail and business banking, corporate and investment banking, rest of Africa and wealth management and insurance -- in a bid to double its share of revenue from its African operations and regain market share in the South African retail market.
Barclays today announces the opening of a new campus in Whippany, New Jersey. The state-of-the-art complex is a flagship site of Barclays’ global location strategy, which is designed to enhance the firm’s flexibility and resiliency through the establishment of regional campuses. The Whippany campus brings together members of Barclays’ Chief Operating Office - operations and technology - and functional teams from across the Americas.
Moody's US and EMEA ABCP activity for the period ending June 29, 2018 NO RATING IMPACT ON THE FOLLOWING ABCP PROGRAMS FROM JUNE 25, 2018 THROUGH JUNE 29, 2018: We have reviewed the following ABCP programs ...
Barclays released a note commenting on the new Turkish cabinet, and the Treasury and Finance minister in particular. In his seven-sentence biography of Berat Albayrak -- who was appointed Monday to the dual posting -- analyst Durukal Gun failed to mention that the newly minted minister is President Recep Tayyip Erdogan’s son-in-law.
"Due to new outages and a quicker Iran supply reduction, we see Brent and WTI prices averaging $71 per barrel and $65 per barrel next year," the bank said. Barclays had previously forecast Brent to average $65 per barrel in 2019. The bank also raised its outlook for Brent prices to average $73 per barrel in the second half of the year from $70 earlier.
Moody's Investors Service, at the issuer's request, has reviewed the documents submitted to us in connection with an amendment to its Commercial Paper Notes Program. On June 15, 2018, Idaho Housing and Finance Association ("IHFA") Board passed and approved a resolution to increase the commercial paper's total authorization to an aggregate principal amount of $150 million from $100 million. The amendment mainly affects its Barclays Bank secured commercial paper notes (the "Secured CP Notes") which increased to $125 million from $75 million.
Azar, who also headed the bank’s Middle East’s operations, will return as a senior adviser in January 2019, according to the memo issued by Joe McGrath, global head of banking. The contents of the memo were confirmed by a spokesman. During Azar’s stint, Barclays has done some key deals in the Middle East, including advising on the acquisition by Qatar Investment Authority and Brookfield Property Partners LP of London’s Canary Wharf Group Plc and Borse Dubai’s sale of its $2.1 billion stake in the London Stock Exchange Group Plc. It was also one of the banks that helped arrange $12 billion bond sale by Qatar this year.
Moody's Investors Service has affirmed the VMIG 1 on University of Michigan's (U-M) (MI) General Revenue Bonds, Series 2008B with $71 million outstanding and 2012B with $65 million outstanding issued by the Regents of the University of Michigan. Moody's maintains Aaa, Aaa/VMIG 1, and P-1 ratings on $2.4 billion of university debt, including $300 million commercial paper at full issuance. At March 31, 2018, the University of Michigan reported $173 million of VRDBs in daily and weekly mode and $242 million of outstanding commercial paper, including VRDBs in CP mode.
Moody's has determined that the proposed action of the cap counterparty Barclays Bank PLC ("Barclays") to execute a Deed of Undertaking following the downgrade of their long term deposit and senior unsecured debt rating to A2 should not if implemented, in and of itself and at this time, result in a downgrade or withdrawal of the current ratings of the securities issued by American Home Mortgage Investment Trust 2006-1 transaction (the "issuers"). Moody's opinion addresses only the credit impact of the proposed action, and Moody's is not expressing any opinion as to whether the action has, or could have, other non-credit related effects that may have a detrimental impact on the interests of holders and/or counterparties. As a result of the rating downgrade to A2, Barclays is proposing to execute a Deed of Undertaking, whereby Barclays will implement the Remedial Actions under the cap agreement only after a Subsequent Rating Action of A-3 or p-2.
Trading in financial derivatives — swaps, futures and options and so on — mushroomed, while loans were packaged into securities and shuffled off bank balance sheets, permitting the banks to extend yet more loans. This transformation culminated in the great financial crisis of 2007-08, which showed that the global economy had become hostage to a bloated and rickety financial sector. At one level, it is a tale of a running battle over strategy between those at the top of Barclays who wanted it to join the club of pre-eminent global banks and those who wanted a more domestic focus — a tension that has afflicted other big banks across Europe.
Moody's Investors Service ("Moody's") has assessed the impact on the ratings of the Notes issued by 15 EMEA RMBS, following changes to the swap documentation. Barclays Bank PLC executed a deed of undertaking, whereby Barclays Bank PLC will post collateral if its long-term senior and short term unsecured debt rating fall below A2 or P1 respectively.
With an aim to safeguard its business from Brexit-related uncertainties in the U.K., Barclays (BCS) initiates shifting the bank's investment banking jobs outside of the nation.
ASSIGNMENTS: Barclays Taxable Muni. Fund (Muni. Deriv), Taxable Municipal Funding Trust, Series 2018-001 Notes US$ 32.18M Ser. 2018-001 due 2019 ...MIG 1/VMIG 1 (Barclays Bank PLC/ Credit Agreement) This ...
After simplifying operations and focusing on improving efficiency, Barclays (BCS) is exploring options to expand its investment banking business by re-entering certain markets.
Barclays has begun shifting 40 to 50 investment banking jobs from Britain to Frankfurt as part of its plans to continue doing business in the European Union after Britain leaves the bloc in 2019, a source familiar with the matter told Reuters. Banks are pressing ahead with shifting jobs to Europe, in preparation for a 'worst case' scenario where Britain fails to secure a Brexit deal with the EU that would allow banks to continue serving Europe from London. A spokesman for Barclays declined to comment.