Results tagged “Barclays” from Dealbreaker
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Lehman Wants Its Money Back
Nov 17, 2009, 2:22pm
Posted by Jon Shazar
Lehman Brothers may be dead, but its earthly representatives are challenging the well-established legal precedent of "tap tap, no takebacks" in an effort to extract $10 billion from Barclays. It seems the Barclays may have used some fancy contractual footwork...
Bad Day For British Banks
Nov 10, 2009, 4:23pm
Posted by Jon Shazar
The City is not a happy place today: The U.K.'s two biggest banks both reported lower earnings thanks to the credit crisis, while Lloyds Banking Group announced a new round of job cuts. First, Barclays and HSBC. The former said...
Barclays Chief: Jesus Loves Bonuses
Nov 04, 2009, 10:44am
Posted by Bess Levin
Are you expecting to receive an obscene amount of cashola this bonus season? What one might characterize as perhaps an "ungodly" amount? Are you feeling slightly conflicted about it, 'cause while you love all that ka-ching! on your face, you...
Bonus Watch '09: Barclays
Nov 03, 2009, 10:45am
Posted by Bess Levin
No projected numbers (yet), though apparently the breakdown of the goodie bag being considered is not making our favorite chippies very happy (and you know what the junior UK rainmakers do when they're not happy-- bitch!). Just keep your fingers...
What We Can Learn From The British: Don't Deal Drugs From Your Desk
Oct 08, 2009, 1:40pm
Posted by Bess Levin
So this Bloomberg story on suicidal coke addicts across the pond? Kind of a downer. And while it didn't really illuminate much re: the similarities between trading and having a drug problem that we didn't already know, or do anything...
First Year IBD Analysts Only BarCap Employees Not Getting Screwed, Says BarCap Associates
Oct 05, 2009, 2:16pm
Posted by Bess Levin
Last week we were informed of the unbelievable news that 1st/2nd/3rd year sales&trading analysts head been led to believe (by their own assumptions) that they'd be getting 10k salary bumps because 1st/2nd/3rd year banking analysts got raises and fair is...
Tools Of The Trade: How Bob Diamond Shoots Fish In A Barrel
Sep 11, 2009, 11:58am
Posted by Bess Levin
We've just started reading the monstrously long Esquire article on Barclays buying Lehman (ten pages online? Be serious), but wanted to get this out there now in case any of you are in the midst of a dry spell and...
Lehman Scores A Victory From Beyond The Grave
Jun 24, 2009, 1:58pm
Posted by Greg Michaels
After happily watching Lehman free fall into bankruptcy and cherry picking the remains, Barclays is now on the hot seat for screwing Lehman a second time by overstating the liabilities it was assuming and later booking a $4 billion gain....
Barclays - Lehman Deal Marks Bottom of Credit Crunch Panic
Posted in Lehman, Sep 16, 2008, 11:15am
Posted by Equity Private
Well, now that someone actually put their money where their leaks were and ponied up for something that Lehman owns, other troubled firms look to be buoyed by the lift in Lehman confidence. Lehman shares soared 9.00% on the news...
Barclays and Lehman Seal Deal
Sep 16, 2008, 10:22am
Posted by Bess Levin
The Financial Times reports that an agreement has been reached for Barclays to buy parts of Lehman Brothers, though certain details like which parts* and for how much remain unclear. Contingent liabilities related to the ego of Institutional Investor's #1...
The Debt That Lehman Dumped Pumped?
Posted in Lehman, Sep 16, 2008, 10:05am
Posted by Equity Private
Depending on how hungry investors were for debt today, they may or may not have been annoyed at the news that Lehman's rumored BWIC for $800+ million of debt from issuers like Tribune, Visteon, Sabre Holdings and the like has...
Barclays Balks Before Bluff Blows Bank Buy
Posted in Lehman, Sep 15, 2008, 1:26pm
Posted by Equity Private
One of the most interesting developments in the Lehman debacle must be the abrupt departure and the return (which followed hard upon) of Barclays as a Lehman suitor. Hazarding a guess, one might think that Barclays was trying to stare...
Totally Unfounded Rumors: Midday Ratings Summary
Posted in Rumors, Sep 15, 2008, 12:25pm
Posted by Equity Private
As you may know, there might actually be consequences to spreading totally unfounded rumors about firms that may or may not actually be experiencing some level of financial difficulty. How are you the reader expected to know which rumors are...
Tomorrow, We'll Go Investigate How Things Are Looking In UBS's Back Office
Jun 30, 2008, 4:45pm
Posted by Bess Levin
Whether you're looking for employment or just ass in the vicinity of Grand Central, take note: a male temp'ing tipster informs us that "there are high grade women to be found in Barclays' investment bank." And no, we did not...
Full Service Bank
Feb 25, 2008, 10:42am
Posted by Bess Levin
Barclays Plc second-half profit may have fallen twenty-one percent on asset writedowns but you needn’t pity the UK bank, which is about to acquire a controlling stake in Russian pin-up calendar manufacturer Expobank. Yes, for the bargain price of about...
