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Barclays shares drop like a stone after shock news
Comments
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Most of the investment bank revenue is generated in the UK. I think it's around 20% that is generated by what was Lehmans.
What’s your source on this? In investor presentation Barclays does not split out US vs UK IB revenue. I also think the Lehman US acquisition was a game changer for Barclays IB operations.0 -
Found a couple of links:What’s your source on this? In investor presentation Barclays does not split out US vs UK IB revenue. I also think the Lehman US acquisition was a game changer for Barclays IB operations.
"At the end of 2012, the Americas – the firm does not split out the US – contributed £7.6 billion [26%] to the firm’s £29 billion in adjusted income." - Euromoney
"Advisory fees from mergers and underwriting – the businesses inherited from Lehman – have risen to a record 19 percent of Barclays Capital revenues" - CNBC
Was definitely a game changer. Though Barclays probably has Alistair Darling to thank for a lot of that (vetoed initial buy attempt).0 -
Eyebrows for the win.Thrugelmir wrote: »Apparantly many of the big earners are based in NY. There's internal friction between Jenkins and the US management. So a conflict of culture. If you've met east coasters you'll know what I mean.
Jenkins heralds from old school banking, thats why he was chosen for the job by the treasury
where as Diamond was head of the fly boy division and similarly ousted for it0 -
17 months into the role - I cant see that Jenkins has lived up to expectations, considering key metrics (e.g. image / share price / roe / compliance failures).
How much more time are institutional shareholders prepared to give him?0 -
But they aren't. The shares are only 3.75% down on the day, taking them back to where they were a week ago.
Only 16% down from 17/2.
Markets have faith.
Will Jenkins last?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Only 16% down from 17/2.
Markets have faith.
Will Jenkins last?
Of course he will. Change takes time. Other banks are well down over past year as well.0 -
Coop guy didn't last long enough to actually do anything wrong lol0
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More bad news for the banks it seems.
US regulator sues 16 banks for alleged Libor rigging
http://www.bbc.co.uk/news/business-265849420 -
Thrugelmir wrote: »Of course he will. Change takes time. Other banks are well down over past year as well.
By way of comparison:
Lloyds is actual up 56% on March 13. Barclays is down 27% on the same period.
The whole "Death spiral" spiel is a major PR blunder.
Lets hope Jenkins gets Q1 14 right. Else....0 -
By way of comparison:
Lloyds is actual up 56% on March 13. Barclays is down 27% on the same period.
The whole "Death spiral" spiel is a major PR blunder.
Lets hope Jenkins gets Q1 14 right. Else....
Not comparable as banking operations.
How profitable has Lloyds been compared to Barclays in the past 5 years?0
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