Tuesday newspaper round-up: Barclays, Royal Dutch Shell, Santander
13th Oct 2015 06:47
(ShareCast News) - Barclays has chosen a veteran American banker as its new chief executive, signalling a dramatic shift back to its controversial investment bank. Jes Staley, 58, a former JP Morgan banker, is set to be appointed in the next two weeks, subject to regulatory approval. The appointment
Read moreSunday newspaper round-up: IMF, Anheuser-Busch InBev, Barclays
11th Oct 2015 12:26
(ShareCast News) - The International Monetary Fund concluded its annual meeting in Lima with a warning to central bankers that the world economy risks another crash unless they continue to support growth with low interest rates. The Washington-based lender of last resort said in its final communiqué
Read moreSir Gerry Grimstone said to be in talks over top Barclays role
9th Oct 2015 15:16
(ShareCast News) - Sir Gerry Grimstone, a former privatisation adviser to Margaret Thatcher, is reportedly in talks to join the board of Barclays as it prepares for a shake-up under new chairman John McFarlane. According to Sky News, the bank has approached Grimstone about becoming deputy chairman a
Read moreBroker tips: Barclays, Lloyds, Rio Tinto, Glencore, BHP Billiton
5th Oct 2015 15:56
(ShareCast News) - The FCA´s move on Friday to draw a line under the Payment Protection Insurance scandal is positive overall for the industry, with Lloyds likely to be the most favourably impacted, followed by Barclays, according to JP Morgan. Furthermore, analysts Raul Sinha and Vivek Gautam highl
Read moreJP Morgan stays at overweight on Lloyds and Barclays
5th Oct 2015 15:26
(ShareCast News) - The FCA´s move on Friday to draw a line under the Payment Protection Insurance scandal is positive overall for the industry, with Lloyds likely to be the most favourably impacted, followed by Barclays, according to JP Morgan. Furthermore, analysts Raul Sinha and Vivek Gautam highl
Read moreNomura still bullish on UK domestic banks, Barclays and Lloyds among top picks
29th Sep 2015 10:15
(ShareCast News) - Nomura remains bullish on domestic UK banks, highlighting Barclays and Lloyds Banking Group among its top five picks in the sector. It said that despite a number of headwinds facing the UK banks, they appear well positioned relative to peers in terms of capital, underlying profita
Read moreEuropean banks' dividend payouts at risk, Exane says
15th Sep 2015 16:55
(ShareCast News) - European Banks face a daunting regulatory environment that will leave the sector with an average capital shortfall of 60 basis points at the end of 2018, broker Exane BNP Paribas estimated, meaning their dividend payouts were still at risk. Nonetheless, that was expected to be the
Read moreMacquarie stays long on Barclays, sees possible seismic shift in retail banking
14th Sep 2015 12:40
(ShareCast News) - Barclays was taking the "correct" approach to defending its terrain in the Payments arena against the onslaught of new entrants into the market and was better placed than the more retail-facing lenders to withstand, some analysts believed. Following an investor lunch with Barclayc
Read moreBanks' technology investments are not panacea yet, warns Bernstein
14th Sep 2015 10:18
(ShareCast News) - Bernstein warned investors not to expect the rise of financial technology to enable banks to significantly cull branch numbers in coming years, but that substantial changes to the industry are still likely via 'fintech'. Bernstein, whose current stance on UK banks has Royal Bank o
Read moreBroker tips: StanChart, BP, Tullow Oil
10th Sep 2015 16:24
(ShareCast News) - The largest UK banks face several further operational headwinds which the market may not be fully factoring in yet, analysts believe. Foremost among those is the 2018 implementation of the IFRS9 accounting standard regarding provisions, which will be half again as high as IAS39. T
Read moreExane BNP lowers targets across UK banks, except RBS
10th Sep 2015 16:12
(ShareCast News) - The largest UK banks face several further operational headwinds which the market may not be fully factoring in yet, analysts believe. Foremost among those is the 2018 implementation of the IFRS9 accounting standard regarding provisions, which will be half again as high as IAS39. T
Read moreBank surcharge forecasts "vastly understate" pain on sector, says EY
7th Sep 2015 13:30
(ShareCast News) - The banking sector will have to pay out vastly more than expected from George Osborne's new profits surcharge, which was introduced to reduce the pain of the Bank Levy on lenders such as HSBC. When the Chancellor unveiled the new 8% surcharge on bank profits and plans to lower the
Read moreBarclays sells UK secured lending business
7th Sep 2015 10:51
(ShareCast News) - Barclays has sold its UK secured lending portfolio to a group led by Goldman Sachs, which includes Elderbridge and Pollen Street Capital. The bank said the sale, which is part of Barclays non-core, has cut risk-weighted assets by a further £1.2bn and will have a positive impact on
Read moreBarclays to sell Portuguese businesses to Bankinter
3rd Sep 2015 07:55
(ShareCast News) - Barclays Bank has agreed to sell its retail banking, wealth and investment management businesses and part of its corporate banking business in Portugal which serves small and medium-sized enterprises to Bankinter. It has also agreed to sell its insurance business in Portugal to Ba
Read moreBarclays to sell Portuguese businesses to Bankinter
3rd Sep 2015 07:55
(ShareCast News) - Barclays Bank has agreed to sell its retail banking, wealth and investment management businesses and part of its corporate banking business in Portugal which serves small and medium-sized enterprises to Bankinter. It has also agreed to sell its insurance business in Portugal to Ba
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