MaxMarioni
Member Since 23 November 2015
Offline
Last Seen: 20 Jan '18

MaxMarioni's Insights

On the topic of Banks

Other Insights on Related Shares: BARC.L
Related Shares: Barclays Share Price

Barclays returns to profit by posting net gains for the year ended in 2016 of £1.62 billion ($2.02 billion), which came however short of the £1.97 which had been predicted by analysts. Forth quarter pre-tax profits were £ 330 million ($410 million), up from a loss of £2.1 million which had taken place a year ago. In any case the Bank's numbers are much better than the previous year's results, which saw the bank recording a loss. Statutory group profit before tax trebled at £3.2 billion ($3.9 billion) in 2016 when compared with the £1.15 billion loss recorded in 2015 for the same measure. (Read more)

0 Comments 0 Likes 0 ScrapbooksRead More >
Other Insights on Related Shares: BARC.L
Related Shares: Barclays Share Price

Barclays, according to Reuters, is planning to move its EU headquarters to Dublin, as part of its preparations for confronting the challenges posed by Brexit. The bank, which is looking to more than double its staff count in the Irish capital, is already factoring in the eventuality of losing the so-called EU “passporting rights”. Passporting is an EU-wide scheme which makes the provision of financial services by firms authorised in the UK possible throughout the European Economic Area (EU and Switzerland), without administrative friction and transaction costs. The loss of access to the passporting privilege is made more likely by the determination of the government to take Britain not just out of the European Union, but also out of the European single market for goods and services. (Read more)

0 Comments 0 Likes 0 ScrapbooksRead More >
Posted by MaxMarioni on 14 March 2016, 7:41 AM

Not Going Home: HSBC and its Pivot to Asia

Other Insights on Related Shares: HMUS.L, HSBA.L

Investors were expecting more, in the week after the Hong Kong and Shanghai Banking Corporation – HSBC - made its final decision known regarding whether to stay in the UK or return to Hong Kong, the city where it was based until 1990. The announcement that it would continue to have its legal headquarters in the UK, with the regulatory and fiscal repercussions this would entail, was saluted by the markets, which didn't make them less inclined to forgive what have been widely interpreted to be disappointing earnings. (Read more)

0 Comments 0 Likes 0 ScrapbooksRead More >
Other Insights on Related Shares: LLOY.L
Related Shares: Lloyds Share Price

At first sight, Lloyds wouldn't seem a natural choice for its investment potential going into the new year. It had a torrid 2015, dogged by the continuing reverberations the PPI misselling scandal, probes by the regulator into rate rigging, and, of course, global market sluggishness. Its stock value has suffered the consequences, leaving 28% on the ground since touching its maximum in May last year, when one share was worth 89p, and slid down to today's minimum of 67.80p. See chart. However, moving into the new year, Lloyds has many factors going for it and now there is a real buzz surrounding the stock. (Read more)

0 Comments 0 Likes 0 ScrapbooksRead More >