luv2read
05-02-2008, 09:23 AM
I know we're not "investors" in Barclays. However, they manage our fund. Excerpt:
Barclays executive to leave over wrangles
By Jane Croft (http://us.ft.com/ftgateway/superpage.ft?criteria_value=Jane+Croft&criteria_name=journalist) and Peter Thal Larsen (http://us.ft.com/ftgateway/superpage.ft?criteria_value=Peter+Thal+Larsen&criteria_name=journalist)
Thursday May 1 2008 14:10
continued from previous page (http://us.ft.com/ftgateway/superpage.ft?news_id=fto050120081519311912&page=1)
.....Last week Barclays refused to rule out a rights issue, but stressed it had a range of options to strengthen its capital.
Several analysts have predicted that the bank, which wrote off £1.7bn last year, will have to take substantial additional provisions in its Barclays Capital division. The bank is due to update investors on its performance on May 15.
Rival banks HBOS and Royal Bank of Scotland have taken heavy writedowns on the value of complex debts securities, which has raised questions about whether Barclays will also have to take large writedowns through its profit and loss account.
Barclays executive to leave over wrangles
By Jane Croft (http://us.ft.com/ftgateway/superpage.ft?criteria_value=Jane+Croft&criteria_name=journalist) and Peter Thal Larsen (http://us.ft.com/ftgateway/superpage.ft?criteria_value=Peter+Thal+Larsen&criteria_name=journalist)
Thursday May 1 2008 14:10
continued from previous page (http://us.ft.com/ftgateway/superpage.ft?news_id=fto050120081519311912&page=1)
.....Last week Barclays refused to rule out a rights issue, but stressed it had a range of options to strengthen its capital.
Several analysts have predicted that the bank, which wrote off £1.7bn last year, will have to take substantial additional provisions in its Barclays Capital division. The bank is due to update investors on its performance on May 15.
Rival banks HBOS and Royal Bank of Scotland have taken heavy writedowns on the value of complex debts securities, which has raised questions about whether Barclays will also have to take large writedowns through its profit and loss account.