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.

With BARC preferring Arab interest-rates which I believe are a very uninviting 12%anyone know how they are making their money?cant be lendingI am with Mitzythe company are as transparent as a Golliwog in a paper bagthe Government are now stating if Barclays turn up their accounts will be scrutinised with a Forensic treasury evaluationOdds1/5 they fail the test!

you don't mean that the audit would be fixed to ensure the required result surely!

hangon, I think they are still holding secrets back, and if my spider senses and cynical mind are correct, they are trying to hide whatever they can to avoid what other financial institutions have endured having disclosed almost fully their shocking practices. I would not be surprised if they got found out sooner or later.

More than a few are now predicting a huge rally in banking

Interesting news today, is this the first skeleton to fall out of the closet?

deanophillips - it would be very surprising if Directors of a Listed company were to deny info to the Market as is their duty - IF - it wasn't pretty clear that said directors appear not to know very much -and maybe allow lapse of memory to avoid admitting to the truth. That appears to be what has happened.
I don't know-so, but with current open-season on defaulting - it is almost certain some loans will turn to dust. The issue shareholders need to address is whether the financiers now propping-up this ediface will demand a D4E swap, effectively wiping out small retail-investors.
This is a slightly lower risk than LLOY, (IMHO) since "new-LLOY" is a struggling nouveau swimmer that's been thrown a lead-lined lifebelt in the form of the disgraced HBOS . . . how HBOS shareholders should have whooped for Glee ( although they didn't yet know the dire state their Bank was in, I guess).

Good point hangon and well made, however I would put nothing past these people!

SELL BARC...

With the government having grabbed control of yet another high street lender, attention is now focused on whether Barclays can continue to retain its independence. After raising capital from middle eastern investors in November, on terms that were more expensive than those on offer from the government at the time, Barclays has fought hard to avoid falling into state hands. But the suspicion is growing that, if both RBS and Lloyds require ongoing state support, then Barclays - which has had no such help - must be growing short of capital.

Barclays is already thought to be considering joining the governments asset protection scheme. But the bank could have to pay a high price. "Based on the RBS scheme, it looks like Barclays could pay the fee in cash," says banking analyst Leigh Goodwin of Fox-Pitt, Kelton. "But the stress tests being applied by the government are much tougher than they were in October and Barclays could be obliged to boost its capital." Certainly, it's possible that Barclays could try and again raise funds from private sources but, as Mr Goodwin points out "its more likely that that they would look at B shares [issued to the government]".

On GM T.V. this morning, Barclays to join toxic bank offer from gov.

Up now about 40% from its' recent lows

Huge volume also. Day traders must be loving it! Trend is still down however. Keep taking profit, imo.

interesting to see comments from last year on this thread.

sp seems high considering its CDS in usa. mind you, its almost a penny share now so who cares

I think it will fall again next week.

Who would have thought that banks shares were only good for short term trades now.

Thats all I do with them now, in and out quickly, slowly regaining my money after I was stupid last year buying Lloyds.

well thats victor blank fault as he was at dinner meeting with gordon when hbos in trouble and within 2 days lloy merger was announced......blank has been assured of a lordship or perrage for saving hbos but cos of the bad publicity this will be put off for a few ears i think

is a crap bank anyway, it was an easy short from last year

this is THE one that could be nationalised soon

Don't you feel that with many of the retail banks coming out with good results over the past month or two,that sentiment is beginning to change ?
Certainly recent price increases are suggesting just that.

Mark to market rules being over ruled (originally instigated post Enron) will allow banks to be very optimistic about the value of underlying assets. The results may have no bearing on reality

But ,then again they might.

Good movement up today, with more sells than buys it still goes up. profit today, we can eat again.....