By Steve Slater LONDON (Reuters UK) - Qatari and Asian investors will provide the bulk of Barclays' 4.5 billion pound fundraising after the British bank said on Friday less than a fifth of its existing shareholders signed up to buy shares. Qatari investors -- who have...
BEIJING/LONDON (Reuters UK) - China Development Bank is proceeding with its planned investment in Barclays BARC as agreed last month, the bank said after a report China had rejected the 136 million pound deal. Caijing Magazine reported earlier on Wednesday the investment by CDB had...
LONDON (Reuters UK) - China Development Bank is proceeding with its planned investment in Barclays BARC as agreed last month, the bank said on Wednesday, after a report China had rejected the 136 million pound deal. Barclays declined to comment further. A person familiar with...
LONDON (Reuters UK) - Barclays' BARC unit Firstplus, a provider of homeowner loans, plans to stop lending to new customers next month due to slowing demand, it said on Tuesday, hitting around 300 jobs at the business. Firstplus, which became part of Barclaycard in 2004 ...
(Reuters UK) - Barclays BARC may need to raise a further 9 billion pounds in capital, according to analysts at Citigroup, who also said the bank could take further significant write-downs as credit market conditions continue to deteriorate. Citigroup also said Barclays was more likely...
LONDON (Reuters UK) - The Co-operative Group, Britain's biggest mutually owned retailer, is still in talks to buy Somerfield but reports that an agreed deal was imminent were premature, sources close to the matter said on Wednesday. If the acquisition is agreed the Co-op is likely...
Michael Shedlock submits: While pondering SEC Restricts Shorting 19 Financial Stocks I could not help but notice the financial institutions conspicuously absent from the ruling.With that in mind let's recap the list of shorting curbs placed by the SEC. by Michael Shedlock
Michael Shedlock submits: This is a followup to posts SEC Restricts Shorting 19 Financial Stocks and Tossed To The Dogs?I hinted at this before but I am going to spell it out explicitly in response to several questions I have received. There is already a restriction on naked short...
Hickey and Walters Bespoke submit: As global financial stocks have fallen significantly over the last week, you would think default risk has risen as well. However, while default risk has risen significantly for U.S. banks and brokers, it has actually fallen for the European firms. Below we highlight...
LONDON (Reuters UK) - Claims from a senior member of the Qatari royal family over an alleged 50 million euro (39.6 million pounds) fraud at Barclays BARC could flare up again just as the UK bank seeks to raise funds from Qatar, a newspaper said...
By Rachelle Younglai and Emily Chasan WASHINGTON/NEW YORK (Reuters) - U.S. securities regulators issued an emergency rule on Tuesday to limit certain types of short selling in major financial firms, including Fannie Mae FNM and Freddie Mac FRE. The rule is the latest...
John Jansen submits: Lehman LEH stock has declined by about 10 percent (as of this writing at 255PM New York time). The firm has been the subject of several rumors. One rumor suggests that they will announce additional large writedowns in their mortgage book. A separate rumor had senior...
Money Morning submits: By Mike Caggeso Starving for capital and hell-bent on retaining its handsome dividend, Barclays PLC BCS plans to raise $8.9 billion (4.5 billion pounds) by selling shares to investment banks and sovereign wealth funds around the world. by Money Morning
By Taro Fuse and David Dolan TOKYO (Reuters) - Japan's Sumitomo Mitsui Financial Group Inc may invest about $926 million in British bank Barclays BARC, people familiar with the matter said on Friday, as subprime-hit Western lenders increasingly turn to ...
By Dan Lalor and Steve Slater LONDON (Reuters) - British bank Barclays BARC raised 4.5 billion pounds ($8.9 billion) from investors including Qatar and Japan's Sumitomo Mitsui and aims to use half the cash to rebuild capital and half to pursue growth....
By Taro Fuse and David Dolan TOKYO (Reuters UK) - Japan's Sumitomo Mitsui Financial Group may invest about $926 million (468 million pounds) in Barclays BARC, people familiar with the matter said on Friday, as subprime-hit Western lenders increasingly turn to Asia for funding....
Investor Sajal submits: Over the past two weeks, the commentary from Europe has gotten decidedly bearish. And none of them are talking of a run of the mill bear market. The most cheerful of the lot is forecasting a 30% global equity markets correction; the others are warning of...
The Sovereign Society submits: By Eric Roseman Over the last several years, investing in Japan has been a difficult exercise in patience. by The Sovereign Society
Phil Davis submits: How badly did the Fed blow it? The purpose of easing rates was, ostensibly, to prevent a slowdown of the US economy. The effect of easing rates was to devalue the dollar and fuel a speculative bubble in commodities that has taken what few spare...
