BarCap

  • 27 Jan 2012 at 1:41 PM

Layoffs Watch ’12: BarCap

By Bess Levin

Cuts are said to have gone down at the House of Diamond. Continue reading »

  • 22 Dec 2011 at 1:48 PM

BarCap Has No Idea What The Wall Street Journal Is Talking About

By Bess Levin

Barclays Capital, the investment-banking division of Barclays PLC, has run up significant losses trading base metals this year after a series of bets it made on copper, nickel and aluminum turned sour, people familiar with the situation said Thursday. Traders at the London Metal Exchange familiar with Barclays Capital’s trading positions said could amount to as much as $500 million. But Barclays denied its trading activity had been “abnormal.”‘ “The reports of big losses are nonsense. There has been no abnormal trading in the commodities business,” said Barclays Capital spokeswoman Aurelie Leonard. [WSJ, related]

  • 17 Aug 2011 at 12:03 PM

BarCap Finds Out How JPMorgan Feels

By Bess Levin

In 2008, commodities trader Todd Edgar made JPMorgan $100 million. Soon after, he and his 12-man team were poached by Bob Diamond at BarCap, after being offered a “$50 million cash and shares package” to jump ship. JPM was pretty pissed about it, and complained to the FSA, to no avail. BarCap, naturally, felt great about the situation, and consider the pounds money well spent. The Brits are less than thrilled with Edgar et al today, after it was announced that the last two years have been fun but they’ll be taking off now. Continue reading »

  • 07 Jun 2011 at 5:26 PM

Layoffs Watch ’11: BarCap

By Bess Levin

Cuts went down this afternoon. Continue reading »

  • 11 May 2011 at 6:41 PM

This Is How BarCap Vice-Chairman Howard Clark Explained Causing A 4-Car Collision And Having A Blood Alcohol Level Of .24%

By Bess Levin

Clark admitted that he had two glasses of wine while dining at a Larchmont Country Club. En route to his home, he claimed that he was daydreaming. [Scarsdale via BI]

  • 16 Feb 2011 at 9:55 AM

Bonus Watch ’11: Drunk BarCap Trader Has Great News For Anyone Who Didn’t Exactly Push Him Or Herself This Year

By Bess Levin

“Even if a guy is really lazy and has done s*** all year, he’ll still get a £600,000 bonus.” Continue reading »

  • 12 Jan 2011 at 10:20 AM

Layoffs Watch ’11: BarCap

By Bess Levin

Cuts going down circa now. Continue reading »

  • 30 Nov 2010 at 11:17 AM

Bob Diamond’s One-Man Cheering Squad Has Not Gone Unnoticed

By Bess Levin

“Bobtimistic” is how Rich Ricci, Barclays Capital’s new co- chief executive officer, described Diamond’s eternally upbeat attitude to assembled executives in September as he introduced a five- minute video send-off tribute, featuring a digital scrapbook titled “The Wonder Years,” with clips of Diamond hiking up his yellow suspenders in 1997 as he talked about making Barclays Capital a bond market leader; a mock image of him dressed like the children’s cartoon character Bob the Builder; his first pep talk to Lehman employees after acquiring the bankrupt broker-dealer in 2008; and photos of him with Rolling Stone Mick Jagger, soccer stars of London’s Chelsea Football Club and pro golfer Phil Mickelson. [Bloomberg]

  • 16 Nov 2010 at 8:49 AM

Layoffs Watch ’10: Barclays Cuts Coming?

By Bess Levin

Apparently yes. Continue reading »

  • 11 Aug 2010 at 11:32 AM

Layoffs Watch ’10: Barclays

By Bess Levin

The previously rumored layoffs at BarCap, expected to affect 7% of the global staff, are apparently going down circa now in New York. That’s all the info we have right at the moment.

  • 09 Aug 2010 at 10:15 AM

Unfounded Rumor Of The Morning: Barclays Cuts This Week?

By Bess Levin

Re: the previously rumored cuts at BarCap, expected to supposedly affect 7% of the global headcount: Continue reading »