Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services. Company operates in over 60 countries and employs over 78,000 people.

            Red = 25 day moving average.           Green = 200 day moving average.

nope ..... BARC are not going belly up and i reckon whatever fundraising they need or decide to do is already discounted .... obvioulsy, if markets/finacials collapse anew, BARC will not be immune.

safer here than in mini minnow blue sky E&P companies

Bought at 315,bought yesterday at 322,cheap as chips.

This shows how desperate Barclays is getting...


Shariah Capital says Barclays, DMCC to offer first Shariah compliant hedge funds - AFX


LONDON (Thomson Financial) - Shariah Capital Inc. said Barclays Capital, the investment banking division of Barclays Bank Plc., and the Dubai Multi Commodities Centre Authority (DMCC), an agency of the Dubai government, will offer the first Shariah compliant hedge funds on the Al Safi Trust alternative investment platform.

The company said Al Safi has been created in response to market demand for Shariah compliant alternative investments.

DMCC has committed to seed five commodity hedge fund managers on Al Safi with $50 million each, to be offered under the Dubai Shariah Asset Management brand, Shariah Capital said.

TFN.newsdesk@thomson.com

Thanks for info hlyeo98

This does not relate to any capital raising BARC may or may not be contemplating. Try reading the RNS from HBOS to see how well the UK banks are performing compared to their US counterparts. All will be revealed in August when the banks announce half yearly results and declare interim dividends. Personally I am sticking with BARC and LLOY as they have already indicated they will maintain and pay cash dividends.

barc has much further to fall......2.50 before i think of buying in

Yes, I also think this will go to 200 to 250p.

By Ichiro Suzuki and Poppy Trowbridge

June 20 (Bloomberg) -- Barclays Plc, the fourth-biggest U.K. bank, may get about 100 billion yen ($927 million) from Japan's Sumitomo Mitsui Financial Group Inc. as part of a plan to restore depleted capital, a person with knowledge of the plan said.

Sumitomo Mitsui, Japan's second-largest bank by market value, will make the investment through its Sumitomo Mitsui Banking Corp. unit, the person said, declining to be identified because the deal hasn't been finalized. Chika Togawa, a spokeswoman for Sumitomo Mitsui in Tokyo, declined to comment, as did Alistair Smith, a spokesman for London-based Barclays.

``It makes sense for them to invest in the region,'' said Leigh Goodwin, a London-based analyst at Fox-Pitt Kelton Ltd. who has an ``in line'' rating on the stock. ``Japan is a big market for Barclays Capital, but what's really important is the total Barclays can raise and whether they're going to have further writedowns to match.''

down again today.....and trend is down.

this will go to 250p at least.

lol, london based analyst.....what a joke

Short sellers beware! Any bank that can attracted a substantial investment now will have a hugh advantage in this market. Barclays share price is showing signs that the 3.13 mark is a support and with the dividend safe will, along with RBS, be the favourite of the sector.
Expecting a return to 4.00 within 8 weeks - let's wait and see!

lol, in your dreams. amount of cash talked about aint that much....banks need billions of pounds because of their reckless lending

now 306p

BARC will not be going belly up, that's for sure ..... but point of entry is a fine judgement .... i am certainly more than happy to hold, having bought at 328 and 356, the latter perhaps being not the best decision.

u will have a fair wait to see 356p again.....the trend is down...and market is crap right now and is likely to remain this summer unfortunately

maybe ...... i suspect that when the wheat is sorted from the chaff, the likes of BARC will come out pretty well

Bought@308 this will move up over the next few weeks.

Fraud in Barclays Bank jeopardises fundraising efforts...


A SENIOR member of the Qatari royal family has thrown Barclays fundraising efforts into jeopardy after raising legal claims against the bank over an alleged 50m (40m) fraud.

The billionaire sheikh, a member of Qatars ruling Al Thani family, claims that gross negligence by Barclays allowed an employee to siphon off sums of about 4m a month from a personal account in Marbella.

The allegations, which relate to transactions that took place between December 2001 and February 2003, are detailed in documents filed in a Spanish court.

Although there have been several failed attempts to settle the claim, the sheikh is expected to increase pressure on Barclays after revelations that the Qatar Investment Authority is supporting the banks 4 billion cash call.

The QIA, run by another member of the Al Thani clan, is one of four overseas investment groups that have been lined up to support a 4 billion fundraising by the bank. China Development Bank, Temasek of Singapore and the Japanese financial giant Sumitomo Mitsui Financial Group are also expected to provide funding.

The sheikhs allegations have emerged just days before Barclays is due to begin marketing the fundraising to its existing UK shareholders.

It is understood that the QIA is not yet aware of the alleged fraud, which has, until now, been a private matter between the bank and the particular family member.

The allegations form the basis of a criminal investigation in Spain, as well as a possible civil suit for damages.

The sheikh claims that a former trusted employee, Gerald Gouallier, set up a bank account at Barclays Marbella branch through fraudulent means.

The account was set up as a joint account under both the sheikh and Goualliers names. However, the sheikh alleges that documents signed to open the account were forged, and that he had no knowledge of its existence.

The bank also failed to demand any proof of identity or to conduct a face-to-face document-signing process, the sheikh alleges.

The sheikh had a second, legimitate account with the Barclays branch in Marbella, which had a similar account number. Gouallier, who was trusted to handle cash transfers between bank accounts around the world on behalf of the sheikh, juggled sums between the two Marbella accounts.

A total of 29m in cash was withdrawn, while a further 20m was transferred to other bank accounts before the alleged fraud became apparent to the sheikh. Over one four-day spell, 2.5m in cash was withdrawn from the account.

The sheikh claims that he is still owed about 42m.

Barclays declined to comment on the case.

Probably about a week's pay for him

Just another journo in search of a story. Am somewhat surprised the editor bothered to print it, but then he will probably be looking for a job soon after missing so many major financial scoops.

am sure the underlying tory is true, but smells strongly of a spoiling tactic as i am sure i saw a comment that the sheikh also needed to x-sign cheques ..... all in all, doesn't sound the strongest of cases against BARC, even if there is a better one against the other scally