interestrateripoff Posted January 10, 2011 Report Share Posted January 10, 2011 http://www.telegraph.co.uk/finance/markets/marketreport/8251297/Barclays-could-set-up-bad-bank-say-UBS.html Despite worries that Portugal could be in line for a €80bn (£66bn) handout – which was denied by the country's president – Barclays shrugged off those concerns to edge up 1.6 to 276.7p.The rise came as UBS upgraded its stance on Barclays to "buy" from "neutral", arguing that new chief executive, Bob Diamond, could announce a restructuring of the bank at its full-year results on February 15. Mr Diamond's elevation to chief executive from head of Barclays' corporate and investment banking arm, combined with the introduction of capital and liquidity rules, could provide the catalyst for the bank to restructure, the broker suggested. Analysts said that such a move would shed low-return legacy assets and could see more than £10bn returned to investors by 2014. So Barclays holds some big turds then? Quote Link to post Share on other sites
surfcat Posted January 10, 2011 Report Share Posted January 10, 2011 http://www.telegraph.co.uk/finance/markets/marketreport/8251297/Barclays-could-set-up-bad-bank-say-UBS.html So Barclays holds some big turds then? went to Lisbon on holiday in October. Other than the obvious influence of Santander, Barclays is probably the next most obvious bank in the Portuguese capital. SC Quote Link to post Share on other sites
Georgia O'Keeffe Posted January 10, 2011 Report Share Posted January 10, 2011 http://www.telegraph.co.uk/finance/markets/marketreport/8251297/Barclays-could-set-up-bad-bank-say-UBS.html So Barclays holds some big turds then? haha thats rich coming from UBS, id feel alot safer placed here if they fcked off and became British Quote Link to post Share on other sites
non frog Posted January 10, 2011 Report Share Posted January 10, 2011 ...So Barclays holds some big turds then? Quote Link to post Share on other sites
stormymonday_2011 Posted January 10, 2011 Report Share Posted January 10, 2011 http://www.telegraph.co.uk/finance/markets/marketreport/8251297/Barclays-could-set-up-bad-bank-say-UBS.html So Barclays holds some big turds then? Don't worry the British government will ensure that they belong to you before long. Quote Link to post Share on other sites
cashinmattress Posted January 10, 2011 Report Share Posted January 10, 2011 By bad bank, do you mean the taxpayers get straddled with the 'newly discovered' off balance sheet liabilities, whilst the banks keep your deposits and continue on in their cosy casinos? Quote Link to post Share on other sites
interestrateripoff Posted January 11, 2011 Author Report Share Posted January 11, 2011 By bad bank, do you mean the taxpayers get straddled with the 'newly discovered' off balance sheet liabilities, whilst the banks keep your deposits and continue on in their cosy casinos? That I suspect is the most probably outcome. Quote Link to post Share on other sites
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.