BarCap

  • 30 Nov 2010 at 11:17 AM

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

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“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?

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Apparently yes. Continue reading »

  • 11 Aug 2010 at 11:32 AM

Layoffs Watch ’10: Barclays

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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.

  • 13 Jul 2010 at 1:48 PM

Russian Spy Will Not Be Able To Visit With Ex-Husband, Work For Barclays Again Anytime Soon

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Well, this is a set-back. Anna Chapman, the only Russian spy anyone cares about, has had her British citizenship revoked, and the U.K.’s Home Secretary apparently has plans to “exclude” her from the region entirely, as it would be “conducive to the public good.” Continue reading »

  • 02 Jul 2010 at 10:16 AM

Barclays Assistant May Get Canned For Warning Company Of One Exec’s STD-Spreading Habit

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So, first off, Miranda Barker didn’t mean to send her email, re: a higher-up getting pawsy with the staff and spreading his STD’s around the firm like it was his job, to all of Barclays Capital. She just meant to send it to the secretaries, who were the guy’s targets. But, you know, shit happens. Apparently Barker was a little tipsy when she sent out the message and who among us hasn’t accidentally cc’ed our entire address book when warning people of a co-worker’s aggressive attempts to spread his gonorrhea* like wildfire? Continue reading »

  • 15 Mar 2010 at 1:45 PM

The (Alleged) Secret To Barclays’ Success: Strict Enforcement Of Hiring Rule Generally Waived At Other Banks

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This is the first bold claim in a Financial Times article today on how Barclays Capital has done so well for itself over the last 14 years: “most investment banks claim to have a ‘no-jerk’ policy on hiring.” Of course, on occasion, said rule is overlooked. Not too many times, once, maybe twice at Goldman Sachs. But at BarCap? NEVER (“at BarCap the policy is taken seriously from the top executive suites on down.”) It’s just one of the many ways the firm keeps its people grounded and in doing so has been able to consistently make it rain. Others include: Continue reading »

  • 12 Feb 2010 at 10:39 AM

Some Barclays Employees Will Have Their Bonuses Cut This Year And Some Won’t

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Picture 136.pngIn the former category: almost everyone. No specific numbers yet, but Barclays is expected to announce next week that only about 38% of revenue generated will go towards payouts (one of the lowest levels in the firm’s history). In the latter category: Bob Diamond. The Barclays Capital chief’s take home will be clocking in at about £20m, though it’s going to be deferred for three years so, you know, it’s not that great. Certainly nothing to be envious about, unless you’re this li’l fella, who’s making less than everyone this year. But lest any of the Barclettes think Bobby’s not worth every penny, let us remind you, he works hard for the money.

[Bob] has a habit of taking off his suit jacket and slinging it over his shoulder before sitting on the edge of one of the trading desks — a habit that his traders describe as his move, as in, “he has this thing he does with his jacket, when he wants to talk to us, it’s his move…”