• News

    They Are Conspiring To Conspire

    So here’s the scoop: A “whistleblower” says that Barclehs is planning to “dodge taxes.” Maybe it is the reporting style in the International Herald Tribune, or the fact that Her Majesty’s Revenue and Customs representative doesn’t know the difference between tax evasion and tax avoidance (one might explain this away by pointing out that the […]

    / Mar 17, 2009 at 10:26 AM
  • News

    You Will Play With Elizabeth, And You Will Like It

    So, that whole thing about us taking your toxic assets and you just moving on with life? Not so much. Barclays was warned on Monday that its balance sheet would be subject to forensic Treasury examination if it decided to dump toxic assets on the taxpayer, amid signs that the bank could face a higher-than-expected […]

    / Mar 10, 2009 at 10:15 AM
  • News

    Big Bonuses Boil Brown Before British Bank Boss Bashing Begins

    You sort of knew it was percolating anyhow over in the UK, but it seems to have come to a boil (ahem). Barclays announced a top-level review of its bonus structure on Monday, amid a growing political clamour in Britain over rewards paid to bankers in the midst of the credit crunch. Gordon Brown, British […]

    / Feb 9, 2009 at 3:27 PM
  • News

    Alchemists At Barclehs Claim To Successfully Transmute Forest Green To Ugly Shade Of Neon Sky Blue

    The quest to turn lead to gold is an old one, and as such we generally treat claims to have discovered the Philosopher’s Stone with skepticism. Great alchemists as memorable as Sir Isaac Newton have met with ignominious failure (and developed life-long cases of cracked, sulfur smelling, chemically burnt skin to boot). So, when Barclehs […]

    / Jan 23, 2009 at 10:26 AM
  • News

    Who Pissed In Barclehs’ Breakfast Cereal Of Choice?

    ADRs (NYSE:BCS) are down 32%. We can’t tell, and various “financial journalists” have even thrown up their hands with the “traders could not immediately identify a cause” crap. Aren’t you supposed to say “petro-dollars unwinding their positions” when you have no idea? Well, we happen to know a better source. You. So who is slipping […]

    / Jan 16, 2009 at 12:29 PM
  • News

    And We’re Back

    From: redacted Sent: Tuesday, September 16, 2008 3:36 PM To: undisclosed-recipients Subject: So…about Lehman Comm Equipment….well….um….never mind. We are still here! Dear friends – We are delighted to report that some last minute maneuvering has left Lehman’s US operations in the hands of Barclay’s Capital. We are hopeful this will soon extend to our counterparts […]

    / Sep 16, 2008 at 6:30 PM

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