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gruffydd

Rumours Abound About Barclays' Exposure And Writedowns...

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...Some analysts remain nervous about Barclays' total exposure. For example, they have questioned whether it might need writedowns in areas such as its leveraged loan portfolio, where markdowns of £190m are less than 3 per cent of its net exposure of £7.3bn.

...James Eden, a banks analyst at BNP Exane, says: "Many do not believe that the level of writedowns taken by Barclays is adequate, notwithstanding the company's constant and extremely robust defence of its methodology and approach."

...Barclays follows on Thursday with its results, which is set to show "significantly depleted earnings" at its investment banking arm, according to Citi. Barclays said in April that the division has suffered a reversal of fortunes in the face of hefty writedowns and stock market turmoil.

Edited by gruffydd

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Some analysts remain nervous about Barclays' total exposure. For example, they have questioned whether it might need writedowns in areas such as its leveraged loan portfolio, where markdowns of £190m are less than 3 per cent of its net exposure of £7.3bn.

James Eden, a banks analyst at BNP Exane, says: "Many do not believe that the level of writedowns taken by Barclays is adequate, notwithstanding the company's constant and extremely robust defence of its methodology and approach."

IIRC they produced annual return early last year to avoid the new Accounting rules in the US... by about 8 hours. Something to do with Mark to Market, up till the deadline they could mark to model.

Looked fishy then, still looks fishy now.

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IIRC they produced annual return early last year to avoid the new Accounting rules in the US... by about 8 hours. Something to do with Mark to Market, up till the deadline they could mark to model.

Looked fishy then, still looks fishy now.

I think your far too suspicious by half, what could they possible be trying to hide??? The economy is fundamentally sound, the financial services will easily be able to whether this little economic difficulty we are facing.....

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  • 401 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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