barclays will ge coming out with trading update on 07.05.2009 It is expected to report profits higher than market expectations.

A good Buy Medium to Long term

i thing is it 20th may

Deutsche Bank note out today on the ICB report:

The ICB recommends that banks hold at least 10% core tier 1 capital plus further loss absorbing debt, in line with our expectations. More controversially, it also says that ‐ subject to decent resolution plans ‐ that banks should be allowed to run wholesale and investment banking operations at levels consistent with international peers (lower if necessary). We expect this to be unpopular recommendation in some political circles.

On structure, the report does not require "structural radicalism" where ibanking is entirely separated from the group, which is positive. Instead, the recommendation is for UK retail banking only to be held in a separate subsidiary and hold more than 10% core tier 1 capital. But, once this level is achieved, capital may flow freely between this subsidiary and the rest of the group. The fact that all non‐UK‐Retail banking operations could be folded into bank funding operations means a more manageable cost to the sector than if the investment bank had been required to fund on a standalone basis.

The commission is recommending that LBG be required to "enhance" its disposal to ensure that the resulting company is a real competitor; this appears to include attaching better funding (DBe: deposits plus term funding) and more market share. This is problematic in that the scale of required increase in size and funding is not stated, making analysis largely futile; it also means that, unless LBG can procure separate term funding for the disposal unit, the sale would leave rump LBG weaker than before. We believe that the ICB will allow for it (i.e. term funding may replace deposits), but remains a source of uncertainty for now. We estimate that the current disposal unit, adjudged too small by the ICB, earns 1.1bn a year pre‐tax out of estimated Core normalised PBT of 9.1bn. So, for example, a 50% increase in disposal unit size would reduce earnings by ~6%.
Net net, we see the report as broadly positive, but especially for Barclays and RBS, with lingering uncertainties as to the impact on LBG.

it isnot good for barcs i have sold more look to get in lower.

barc made 2b profit in q1

good rise tomorrow 25p

I am removing ALL my research from here due to the constant personal abuse, defamation and distortions of it posted by:

ptholden

hlyeo98

halifax

blackdown

kimoldfield

cynic


This bunch of abusive retards is the reason MoneyAM will NEVER have a forum worth reading.

I have reported them to support by they do nothing, either because they want to force me to PAY them for the Traders Room or because they are too lazy to do anything. Maybe the people in support are the ones perpetrating the abuse, so as to force people to pay for the premium boards. Either way the service is sh1te and a disgrace to the finance industry. No wonder there is nobody left here apart from morons.

I will continue posting my good research on boards that are run in accordance with FSA and LSE listing rules and the interests of the market, not here where ar5eh0les rule the boards and all decent research is buried under their piles of sh1te.

Interim Management Statement.

diamond should resign .1p div again and he gets 27m disgraceful

so why have these bankers been paid good bonus and pay for shit results the lot should give back there pay and resign

Hahahaha - Guess your a bit pissed off Tanker - 25p rise, are you a stand-up comedian by any chance ??? Nothing is going to rise in the short term, next month see's a massive sell off (hence the term 'sell in may and go away') and basically the UK is ****** Unless we have a massive war (and Cameron cant even start one of them properly) nothing will change for years and years.

nord i agree but i do not hold barc i sold at avge327p and bought mrw and vod .
i was going to buy today but the results are a disgrace after what they have paid them selves at this bank diamond is more like a stone rather than a diamond he as got to GO

you wil all see why pension fund managers are useless today at the AGM .they will be like sheep and will not go againts a very bad board . that is why i would tell any one NEVER give these arseholes your cash

i might buy at 260p

AGM Statement.

you can see why directors sold shares . the board are rubbish no returns for at least 2 years for holders . but good returns for the directors for crap work

well diamonds speech was crap why would any one hold this share no growth and poor divs .

U.K. bank Barclays PLC (BARC.LN) said Wednesday it is fully compliant with all regulatory requirements, and the its remuneration systems are designed to reward success, not failure, adding that it is committed to acting responsibly in this area.

What's that? A bank acting responsibly??! Nah!, surely not?!

the AGM was all about there rewards and sod the holders who or why would any one wantb to hold these for what

not one pension fund said a word that is why fools put money in funds waste of money unles you like giving money away