If you see an army of people wearing bright blue T-shirts in Robert Venable or Breukelen Park today, just look straight ahead, and slowly walk away. An army of Barclays summer interns are fixing playgrounds, planting flowers, weeding and painting away in attempts to brighten the future of more than a few lonely associates pretending to be college interns at firm drink-ups. At least the kids are outside, and we hear several of them have irises that are ready to love again, or adjust to sunlight.
Barclays, the ever-so-modest advocate of community service, doesn’t want you to know about the park effort, aside from the loud blue shirts that say “Banking on a Brighter Future” the bank is forcing everyone to wear. When reached for comment, a Barclays rep acted as if we were trying to confirm that the CFO has feline AIDS.
DB: Are there a bunch of Barclays employees running around fixing the city’s parks and doing other good works?
Barclays Rep: Where did you hear that? Who told you? WHO TOLD YOU!!! You can’t tell anyone, in fact, even having this conversation with you is putting us all in danger…no, no…no, I didn’t mean to…NO…you have a choice Keith…there was so much love in this house…but you’re going to have to run again…RUUUUUUUNNNNNNNNN :::silence:::
The interns should get their community service out of the way, because when they become full-fledged bankers the serviceable community gets a lot smaller. We’ll never forget the recruiting event we went to in college (we won’t give away the bank…cough…UBS…cough) when the banker leading the discussion was asked if the bank supports active community service (like you know, on those crazy things called nights and weekends) and the guy literally made a face as if he had mistaken a hornet’s nest for a prophylactic and responded, “No. No way. You’re not going to have time for that.”
Barclays
- 27 Jul 2007 at 12:02 PM
- Posted in:
Banks
Barclays Hush Hush About Brightness of Future
By Keith Hahn
Intent on making its bid for ABN Amro a success, Barclays is claiming to be seriously considering dropping its eagle logo, over concerns by ABN Amro that the large bird of prey may remind clients of the Nazi regime. The insignia, dating back 300 years, has been redesigned several times, to what some people believe now resembles the German eagle holding a swastika used as a symbol by the Nazis, two people close to both banks (Senior Anti-Anti-Semitism/Swag Correspondents) told the Times. The British bank would apparently switch to ABN Amro’s green and yellow shield, when/if the attempted acquisition is successful. (If it’s not, Heil Hitler, and viva that eagle).
Barclays May Drop Symbol [New York Times]
- 07 May 2007 at 2:27 PM
- Posted in:
ABN Amro
ABN Amroast: The Scots Get Serious & The Dutch Turn Up Their Noses
By John Carney
The Royal Bank of Scotland got serious in its attempt to awkwardly cut in on the marriage dance of ABN Amro and Barclays Bank today, submitting a $96.4 billion hostile unsolicited takeover offer today and a $24.5 billion offer for LaSalle, its Chicago-based banking unit. And ABN remained adamant in its refusal to take RBS for a swing across the dance floor.
The RBS offers top the deals ABN already has in the works to sell LaSalle to the Bank of America for $21 billion and everything else to Barclays for $87.1 billion. ABN said it would submit both offers to shareholders without endorsing them—in other words, it rejected RBS’s advances. Although the offers were higher, it said that the conditions attached to both offers and uncertainty about financing rendered both “not superior” to the Barclays and Bank of America bids.
Here is the City bring us the official ABN Ambro song, to be sung to the tune of Gloria Gaynor’s “I will survive.”
We Won’t Survive
‘First we were afraid,
Now we’re petrified
Our board knew it was all over
When that damn letter did arrive
They spent far too many days
Pondering what they were doing wrong
They took too long,
Now ABN will soon be gone
And so we’ll merge
With Barclays Bank
- 08 Dec 2006 at 11:00 AM
- Posted in:
Barclays
Barclay’s Takeover Rumor of the Day: Bank of America
By John CarneyReuter’s reports today on Merrill Lynch’s analyst note:
Shares in Barclays (BARC.L: Quote, Profile, Research) climbed for a second day on Friday as speculation mounted that Bank of America (BAC.N: Quote, Profile, Research) could buy it, with a leading analyst saying there would be strong merit to a deal.
“We believe Bank of America is very interested in acquiring Barclays,” Merrill Lynch said in a research note. “Bank of America has previously indicated that the next stage of its expansion is to become a leading global commercial and investment bank,” it added, saying buying Barclays would help it achieve that goal.
We’re not sure which would bother the Brit bankers at Barclays more: being owned by the Spanish or the Yanks.
Barclays up as Bank of America deal talk mounts [Reuters]
We’ve heard this all before but rumors are once again flying that Barclays may be a takeover target by one of several Spanish banks.
Spain’s BBVA (BBVA.MC: Quote, Profile , Research) and Banco Santander (SAN.MC: Quote, Profile , Research) and Bank of America (BAC.N: Quote, Profile , Research) were rumored as possible buyers, according to several dealers. All have been linked with Barclays before.
“Could it happen? Yes. Is it likely? Probably not. But the type of market we’re in at the moment everybody is very jumpy about anything that might have a bid story to it,” said Colin Morton, fund manager at Rensburg Fund Management.
The only problem we see with this is that it might take all the fun out of the traditional British banker’s holiday in Spain. Who wants to vacation in you boss’s backyard?
Bid talk propels Barclays shares higher: traders [Reuters]
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