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Barclays Could Set Up 'bad Bank', Say Ubs

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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?

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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.

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  • 277 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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