Tuesday, October 14, 2008

Reason why Barclays has a stronger balance sheet!

Barclays faces investment lawsuit

Barclays is being sued in a New York court over claims it moved loss-making investments from its own accounts to those held by outside investors.

Posted by whostolemyendowment @ 04:44 PM (407 views)
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2 thoughts on “Reason why Barclays has a stronger balance sheet!

  • These sub-prime loss making deals are noteworthy.

    A lot has been made of the capital “infusions” to the banks. What many people do not realise is that a capital infusion does not address the root of the problem, which stems mainly from the housing and land markets. If mortgage based securities or housing schemes fall over and houses are foreclosed, losses will continue to hit the books of the banks….and hit them…and hit them.

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  • Just head the latest File on 4. Oh brilliant. It explain me why Barclays being the thrid largest sub prime trader did not have big losses.

    They bundled it all up and sold to investors. With credit rating on these bonds falling from AAA to junk within a month.

    Article: BBC news
    File on 4 Listen to program again

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