39 Burst results for "Barclays"
Fresh update on "barclays" discussed on ABC News Perspective
"In recognition of what black Americans have contributed to the fabric of our country, ABC Stevo Since Sammy has the story of a black owned business that has helped build the nation literally for more than 100 years, and spotlights how black owned businesses and the by black movement endured during a time of racial reckoning, Philadelphia on a good night in Philadelphia, more than 60,000 cheering fans of The NFL can fill this palace of steel that people here called the length has a touched and few of them have any idea one of two very talented black sisters helped build it. This train station at the World Trade Center terminal wanted JFK International Airport, Johnson them before and here at Jay Z's House, the Barclays Center in Brooklyn, New York. It was a company run by one of the sisters that moved the old rail yard to make way for the NBA in this new arena walk in the room. All the heads turned in New York when we worked on the Harlem Hospital, which was completely renovated or D C. Baltimore Chicago, Austin. The whole mountain of despair. Cheryl and Darryl McKissick are twin sisters and twin examples of black excellence. They are builders of America, the hidden figures of the construction business with construction and architecture companies that have helped build more than $100 billion worth of American real estate. Got the chance.
Fresh update on "barclays" discussed on ESPN Radio
"Fall out extended holiday on him. Grant works into the elbow into the paint shoots falling down, and it went in off a banker. How about that? How about that Kevin Durant with the fadeaway J to give the Nets the one point lead in the first quarter back and forth opening frame to game 78 28 25 Brooklyn lead on Milwaukee after one of the Barclays and then Durant continues to score this time from distance hard and throws it into brown and quickly hands it to Kevin Durant turns to shoot the three of us Got it. 13 For Kevin Durant. That's his first three pointer of the ballgame. Largest lead by the Nets at 31 25. Then it's the two man game between Brooklyn's dynamic duo for Game seven. James Harden, two Durant, Brooklyn is able to clear it. Harden Durant left.
Fresh update on "barclays" discussed on Financial Quarterback
"Nets and Bucks battling in Game seven at Barclays Center last night gets it into Durant here Is Durant moving on talker, he turns we shoot. Yes, Marv Albert on TNT. Kevin Durant, a turnaround jumper with one second left trying to 19 sending its over time, but the Nets came up short against the box. 1 15 1 11. Durant jumper looked like it might be a three pointer, but his toe was on the line. He had 48 points in the loss. He played all 53 minutes, but it's the Bucks advancing to the Eastern Conference finals. NHL. The Islanders defeated the Lightning 32 at the college, Sam said. The aisles tie up the Stanley Cup semi final at two games apiece. Baseball Yankees beat Oakland 75, the Mets and national sport a double dip. In D. C. The Mets taking the first game 5 to 1, the Nats answering with a 62 victory in the.
Fresh update on "barclays" discussed on CBS Sports Radio
"Bucks holding off the Nets. 1 15 1 11 in overtime at Barclay Center Chris Middleton Jump shot with 40 seconds remaining put, Milwaukee had to stay in a losing cause. Kevin Durant. Heroic playing all 53 minutes he poured in 48 Brooklyn points the most ever in an NBA game number seven bucks now await the winner of the 70 Sixers and Hawks Their Game seven Sunday night in Philadelphia Wall. The Nets can Now repeat the ages old Brooklyn mantra of wait till next year. Elsewhere, the Clippers Kawai Leonard, as Jodi mentioned, he is banged up again. He'll miss Sunday's opener of the Western Conference finals. With that sprained right knee and will also likely be out.
Goodrow Helps Lightning Beat Hurricanes 2-1 in Series Opener
"The lightning it taking game one of their Stanley Cup second round series with the hurricanes Barclay Goodrow beat Alex padel coverage for the go ahead goal with seven twenty one remaining sending the ball to pass the case to the one Brayden point opened the scoring with a second period goal on the power play for Tampa Bay before Andriy vessel Leschi finished with thirty seven saves that's a Leslie was out standing at times and like the hurricanes until Jake bean scored on a power play to tie it early in the third period game two is Tuesday in Raleigh I'm Dave Ferrie
DMX Immortalized by Family and Close Friends at Memorial
"I'm Julie Walker rapper DMX's legacy was immortalized as a man loved by his family and respected as one of hip-hop's greatest icons at his memorial service in New York Saturday his funeral is Sunday DMX's casket arrived at Barclays center on a monster truck accompanied by motorcycles dirt bikes and ATVs the rapper is known for his ruff Ryders anthem and biker showed up in the hundreds inside the private memorial Swizz Beatz nas Kanye west and Busta rhymes with just some of the big name friends in attendance in a touching moment DMX's fifteen children gathered on stage to talk and rap about their father DMX born Earl Simmons was rushed from his home to the hospital he died on April ninth after suffering a catastrophic cardiac arrest he was fifty Julie Walker New York
DMX to Be Mourned During Memorial Service at Barclays Center
"I'm Julie Walker rapper DMX is being remembered by family friends and fans this weekend in New York at a private memorial Saturday and a private funeral Sunday the memorial is at Barclays center in Brooklyn at four PM and will be live streamed on DMX's YouTube channel then Sunday at two thirty his funeral will be broadcast on the team DMX whose birth name is Earl Simmons died April ninth after suffering a catastrophic cardiac arrest he spent several days on life support after being rushed to the hospital from his home the fifty year old Grammy nominated rapper delivered iconic songs like ruff Ryders anthem and party up he also starred in films and was father of fifteen children Julie Walker New York
DMX to Be Mourned During Memorial Service at Barclays Center
"Be held in New York. Tomorrow. The memorial will be at the Barclays Center in Brooklyn on Lee family and friends will be able to attend because of covert 19 restrictions. The event will be live streamed for fans. Will be a private funeral for DMX after the memorial and a big bunny has gone to a baseball game
Public Memorial for DMX Planned at Barclays Center
"Public memorial for DMX will take place on April 24th at the Barclays Center in Brooklyn, just outside of New York City. The wrappers former manager confirmed the news to TMZ Friday. A private funeral is scheduled for the following day at a local church. Mexes. Real name was Earl Simmons. He died in the hospital on April 9th following a heart attack.
EU regulator reviews AstraZeneca shot and blood clot links
"Countries temporarily suspending the use of AstraZeneca's vaccine over concerns of blood clots, Despite some experts, saying the Benefits of taking that particular shot away the risks. One Wisconsin doctor says the decision is ultimately about keeping people safe. Medical College of Wisconsin President and CEO Dr John Raymond says most epidemiologists who have looked at the data Express this wedding, including strokes in people who've gotten the vaccine is no higher than you would expect in the population at large, even explains the information that may have alarms. Some of the regulators in the European countries pursue cases were and how Care providers who are under 50, so they might fall in the category of not really being expected to have a clotting problem. Eliza Barclay
Your Daily Stock Market Briefing
"Futures down, 49 point, says two B's drop 11 NASDAQ futures declined by 47 US. A 10 Year old at 1.44% Gold is up five and Shanghai felt 1.2% overnight. Well, European markets are in the green this morning. Backing US on the economic front of two o'clock. Feds Daily speaks to the Economic Club of New York after the bell last night soon, Video reported. Shares are up 9% pre market and regarding earnings this morning target beat estimates. In other news, Roco files herself to a billion dollars in stock and wrapping things up. 80 T was cut to underweight at Barclays Down, Hank raised overrated Wells Fargo. And zoom video raised overweight over at Piper Live from the first to pick a new status combo
McElhinney leads Lightning to 3-1 win over Hurricanes
"Curtis Michael he stopped thirty one of thirty two shots and got an assist on the game winning goal to steal a win first Tampa Bay Lightning who beat the Carolina hurricanes three to one Thursday night I got a hand for guys I thought we hung in there and you know we got a great shot to get that second goal and and then we hung on for the for the most part but you know huge two points for everybody in that restaurant tonight the hurricane struck first with a pretty place started by Sebastian aho feeding a streaking Jesper fast who threaded a cross slot pass to Brett Pesci for an easy shot past mackel Haney but that would be their only goal of the game despite outplaying the lightning for much of it Tampa Bay managed to even the score in the second McHale circuit Jeff getting his first of the season and Yanni Gourde went top shelf to beat James Reimer for the game winner Barclay Goodrow added the empty netter late in the game Walter Marcia Cano Tampa
Colton scores in NHL debut, Lightning beat Hurricanes 3-0
"Ross Colton had a goal in his NHL debut and I'm very vast Leschi stopped twenty five shots in the lightning's three nothing shutout of Carolina cold put Tampa Bay on the board on his first career shot on goal during the second shift password when this guy would be I kind of blacked out right after the the play but from what I remember I think you know we had a good offenses on shift gone before that and kinds try to fight to get to find that and you know heavy wheeled around there and kind of just put in front that's Leschi had his twenty second career shutout and first since March twenty twenty against Montreal Blake Coleman Barclay Goodrow also scored in the third of four straight games between the two teams Alex padel coverage may twenty five saves for the hurricanes after shutting up the lightning in his previous start I'm the very
The Case Of Nicholas Barclay
"Three years and full month earlier. Thirteen year. Old nicholas lie left. He's family san antonio home in frustration with a reputation for being troubled. Pain nicholas frequently skipped school and when he did attend he was often in trouble for being disruptive he's home life was equally unstable single mother. Beverly dullah was a high functioning heroin addict who worked seven nights a week at a local donuts door to provide for her family. Nikola softened lashed out at beverly heating and cursing at her and the police had been called out on a number of occasions to breakout arguments in an attempt to control nicholas outbursts. Beverly asked geraldo son. Nikolas brought by jason to move in having jason dair initially diffused tension between bedi nicholas. But as tom went by jason who was in his early twenties and also struggling with drug addiction came caught up in the family. Fighting dare arguments could be heard from neighbouring properties on june thirteen nineteen ninety-four nicholas decided to blow off some steam. After a fought with these mother bus shooting a few hoops at the local park. He had a law on his mind. He already had a juvenile record and was due to faces sentencing. Hearing the following day this was to address a racing event in which he had broken into a convenience store and stalin a pair of tennis shoes. One possible outcome of the hearing was that nicholas could be placed in a group arm a prospect that greatly distressed him before nicholas left pressed the fog dollar bill into. He's hand her only instructions with him to be back home for dinner shea then retired to bed to sleep in preparation for her not shift. That work light that afternoon. The phone rang at the house. Jason answered was nicholas asking if these mother could pick him up from the park. Jason told nicholas that beverly was still sleeping and he'd have to walk time nicholas. Barklay never made it home for dinner that night the next morning following not shift at the donuts door. Beverly reported nicholas missing to local. Police nicholas had a history of running away from home and the offices were initially unconcerned by his disappearance. They speculated that nicholas was avoiding he sentencing hearing and reassured beverly that he would likely show up after a few days as he had done in the past. Beverly couldn't shake the feeling that something more was amiss. Shea and nicholas is older siblings jason and sister carey when about the neighborhood putting up flyers and knocking in the hopes someone had seen the blonde haired blue wad slim. Tain police interviewed beverly's baugh who told of the many arguments shea heard coming from the house particularly after jason had moved back in with nicholas and his mother wakes passed with no lades. Nicholas's disappearance gained little media attention. He's family felt that authorities had minimal interest in trying to locate the missing tain diagnosed with attention deficit disorder and naturally trusting of strangers. Beverly thought that nicholas smart have accepted a lift home with an unknown person and met with foul play. She spoke of her sons loving nature. Anyone who would listen hoping to sway the local perception that he was unruly teenager. She remembered how affectionate hey could bay and thought about. He's taught warm hug often three and a half months off his disappearance a small glimmer of hope that nicholas barklay was alive and well presented itself. Jason was returning home one afternoon when he saw nicholas trying to break into the garage of their low set modest brick family. Time when nicholas court saw jason Disappearing down the straight jason. Find the local police and an was dispatched to the house Hey conducted a search of the premises and the straight blocks surrounding time but could find no sign of nicholas despite this promising laid there were no further sightings and the case turned code as the months. Dis went by nicholas. Family came to the conclusion that he had most likely died. Had he been alive they were certain he would have reached out to them.
Gov. Cuomo Says Large New York Venues Can Reopen Feb. 23 With Testing
"In New York Governor Andrew Cuomo is allowing big sports venues and arenas to reopen to fans. Hockey, basketball, football, soccer, baseball music shows performances any large arena can open on February 23rd the nests of signed on the play The Kings of the Barclay Center February 23rd 10% capacity. You've gotta test negative to go to the game. Masks and social distancing are mandatory seating will be spaced out. Citi Field is open now is a covert vaccine mega site. Queens residents prioritized also food service workers and TLC taxi and limo
Irving Scores 39, Brooklyn Nets Cool Off Los Angeles Clippers With 124-120 Win
"Nets made the trade to get James Harden. The obvious question was whether the three stars could co exist seems to be working hard and not taking nearly the number of shots he took while Houston, but he's doing what's needed Last night. Triple double. Kevin Durant scored 28 points only missed two shots and Kyrie Irving Porting 39 the next week. The Clippers at Barclays 1 24 to 1 20. The Nets have won five in a row with Hardin on the floor. Celtics wanted Golden State a win for Utah. That's 12 of 13 for the
15-Year-Old Chicago Girl Shot, Critically Wounded In Fernwood Amid Shooting Spree From South Side To Evanston
"Spree that spans six locations from the far South side. The Evanston with the shooter killed by police, it began in Hyde Park when police say 32 year old Jason Nightingale killed a U. F C student in a parking garage. He then shot two women in an East end apartment building lobby. One was the security guard who died. Gloria Blakely lives there at the Barclay I can't even process this now that someone would come in a loving and shoot someone. I mean, she's been here for often on as a door staff for maybe the last five years or so. Nothing ever like this has happened. I'm just devastated. The gunman, then carjacked a man and drove to a South side store shot another man dead and critically hurt in 81 year old woman. He then shot a teen girl in the back seat of a car. She's in critical condition. After all those shootings in Chicago, the gunmen ended up in Evanston. Just across the border. WGN's burn a tumble T has more on that. Case initially got there first called the Battle of this around 5 30 this afternoon, and that call was about shots fired at the CVS. Here at the intersection. We're told 32 year old Jason Latin Gail, the suspect, then cross the street to the IHOP. Took a woman hostage and shot her in the neck. He then we're told cross the street, and that's where he was confronted by Evanston. Police on a shoot out ensued. The gunman was killed in the shootout. Still no word on a motive. The woman in the IHOP she's in critical condition at this hour.
Malika Andrews on Kyrie, KD, and the Brooklyn Nets
"Weekend. It is really good to hear your voice back on espn daily. It's good to be back. And i'm back not in orlando and not eating sushi. What what is this. It's strange times. The last time we spoke was almost two months ago. Exactly actually you had just left the bubble. You just return to where you are. Now you're in manhattan apartment. The corner bodega had welcomed. You back like beauty and the beast like little town came alive to welcome you in the i did bring the data guys. I brought them the nba masks from the bubble. They very much enjoyed those. That was that scored big free. Coffee points with them so melita. I am super excited to talk to you today. You are covering the brooklyn nets this season for. Espn yeah and you went to your. I unbuckled nba game in a really really long time It was the first preseason game the debut of the brooklyn debts. And they face the wizards on sunday night in brooklyn. So what was it like actually going inside the building so i arrived at barclays center too early. The doors open at three. And i was standing outside at two thirty with alex schiffer who is the nets beat writer for the athletic. We stand outside six feet apart of the media entrance to barclays center for a half an hour chatting. Eventually we walk inside. We go through security as normal and the testing folks come through and they set up at their tables and they say okay. Who's i and i say i'm i i'll do it. This test is one of the longer. Cue tips goes a little bit farther up your nose and the results come back in six minutes. So i my one blue line as i was negative and i got to walk through to where we're normally sitting in. The seats are distance feet apart. Only seven of us that got clear to be in barclays center. And that's where. I sat and watched the game. You can interact with players. You can't interact with coaches you can't interact with the front office members you are up on the concourse level and they are down on the court and that boundary cannot cross so that sounds extraordinarily rigorous also kind of strange which sets you up to actually watch an nba game in a realized full time nba arena. And i want to get into. I want to get into kevin durant and his return to play in a little bit. But i want to start here. Melita with kyrie irving because it's impossible. Not to at this point he was making headlines all last week for refusing to speak to people like us in the media and all of that changed yesterday when he ends up finally having a session with journalists so first off. Please take us through. What made all of this so highly anticipated like this is a preseason media availability but it was certainly not a normal event well it was just preseason availability but preseason availability is also the first time we hear from these guys and because it was his. First preseason availability. It's also the first time that we've had a chance to talk to him since he had season ending shoulder surgery in february. So that's been a long time. A lot has happened.
Airline Cards Lose Luster as Coronavirus Persists
"Do either of you have any airline credit cards? Yes, I've gotten American Airlines one doctor. I don't know. Have a Delta one and a blue one, actually, um Question for for both of you, I guess for Mike, So you've got an American Airlines one. Is that a card that prior to this year you used heavily on a regular basis. Know when I had kids, I switched almost all of my spending over to a 5 29 Rewards credit card instead of in airline credit card. I paid the annual fee at this point, mainly because it gets me free checked luggage on any of my American Airlines flights for myself, and I think up to three other passengers, so for me You know, family of five. If we fly one time a year, the credit card he pays for itself in chucked in checked bags, But you've made the selfish decision to prioritize your kid's education over your own travel. Correct, Very selfish. I'm sorry to hear that. You know Honestly, what the reason I ask this is that these these airline credit cards are big money makers in a number of different areas. The first is a lot of people don't realize this, But let's say that you get apart. Let's say you apply for one of these new airline credit cards, and there is a 60,000 mile bonus that goes for the jet blue water for the Delta one. Those miles don't just materialize out of thin air. What we actually end up seeing is that the bank that issues that card whether it's JP Morgan, whether it is Barclays whether it is Bank of America. Whoever is issuing that card pays the airline for those miles in order to generate the bonus. And so these bonuses can be very lucrative for the airlines. Because you know if you will get the cost the average cause if you're looking at the price on these miles Generally, the ballpark is anywhere between one and two cents per miles. That means on a 50,000 mile bonus, the airline that is offering that bonus is picking up anywhere from 500 to $1000 in revenue just by virtue of someone signing up for one of those cards. It's a lot of revenue and they don't have to fly anyone in order to generate it. So they get all this revenue and they don't do anything. It's just okay. Here we go. We've got a potential liability in the future. What they earn. This revenue was Sorry. You don't have as many people signing up for these airline rewards cards and the reason why is look, you just don't have that many people traveling. So why would you sign up for a brand new airline Rewards card? If you're not gonna use it any time soon, and with the potential of devaluations coming for these rewards programs as well. So a couple things there. I would think right now that the airlines are enticing people and maybe offering I actually know that they're offering. You know extra mileage rewards If they devalue those miles on the tail end of this, That's a different story, And I think they might, but I think that some of them are offering additional miles Chuck in your case. Are you paying annual fees on both JetBlue and Delta? The credit card. Yes, I am. Okay. Have you thought about cancer? I mean, you haven't flown at all this year or at least not since pre pandemic. I'm guessing you probably won't fly until May or June of this year. I flown once this year. Actually, no, that's not true. I flown once pre pandemic and once post pandemic s, so it's actually paid for itself even this year, but generally speaking, all fly You know 3 to 5 times a year. Are you able to justify those fees? So I've actually spoken to the issuers and gotten the majority of those fees refunded? Um, just because they get like you just say Look, I'm thinking about canceling this card. I'm not using it, They'll say OK, like either they'll offer you additional points not so much right now because they don't want to be spending the money order to say OK, we'll reduce your waive the fee for the year. But I wanna be able to keep him for the long term because they have things that are attractive based on you know, our travel plans and things like that. So, um the other piece on this is It's not just the airlines that lose out on a little bit of business. You also have the payment network so place you know, cos like a visa or in American Express. If individuals start using debit cards, which they're using Maura of and less credit cards, fewer credit cards. What you end up with is a situation where the interchange fees that normally would be collected on that credit card usage. Those don't end up getting paid out. And so it creates a little bit of a wrinkle then for you know these these issuers now They obviously are able to make that up with the fact that hey, people, you know, are using cash way less this year. And so maybe they're just not using the travel cards as much. But we saw here was that traveling entertainment purchases were down 69% year over year on Amex cards and 70% on Visa cards compared to a year ago for the last quarter, So obviously they're seeing a big change in volume there, then that means you know fewer interchange fees collected for these companies.
Anthony Edwards taken first in COVID-delayed NBA draft
"Paid tribute to his mother and grandmother as he was taken by the Minnesota Timberwolves in the number one pick in the NBA draft Commissioner Adam Silver announcing the pick from ESPN headquarters in Bristol, Connecticut. The draft, originally scheduled for June, 25th before multiple delays caused by the virus, pushed it back out and out of its usual home at Barclays Center in Brooklyn
New Yorkers stand in long lines at the polls on first day of early voting
"Up at polling places today, the first day of early voting in the state by 9 30. Shortly before the polls opened, hundreds of people had already lined up in front of Madison Square Garden. There were similar lines reported at the Barclays Center in Brooklyn, the armory in Washington Heights and other major sites around the city. Bloomberg's Denise Pellegrini has more on early voting in the state this early voting in New York the last nine days until November, 1st and there are 88 early voting locations across the city, including Barclay Center in Brooklyn, Madison Square Garden and the Brooklyn Museum, and they're all big enough to help keep people apart. There's also hand sanitizer at every table plexiglass dividers and reminders to wear masks the NYPD. He is also beefing up security at polling places. Denise
New York early voters out in force, eager and motivated
"We're 10 days away from Election Day Long line scene in New York City, with voters in mask lined up outside of Madison Square Garden and Barclay Center, several large venues transformed into voting centers. It is the first day of early voting in the
"barclays" Discussed on FT Banking Weekly
"Take a shot data themself. That's fine with us. Anything would say is the ending given a chance to do that. We're expecting to see results some of the numbers that we see not encouraging. And so we'll give it a quarter or two and see what happens we have a really wanted to make a point. But while this has been going on stocks down from two six two one six and the investment Bank might be part of it. But the only thing we're interested in is finally getting the value that's in Barclays beliefs. And the current strategy hasn't done it strategies the chain and the investment banks probably part of that. What do you say to those provided enough of a detailed of stress? If we were on the board of directors. We give them as much information as they need. I don't think that a public is place to talk about de sales strategy, but we talked to participate and they've got an opportunity to go fix it. So I think. So where does that leave everything David is Barclays off the hook or only a short short-lived reprieve for Nigel Higgins and just daily the chief executive, well, it's kind of hard to overstate the feeling of triumph inside Barclays at the moment. They really are incredibly confident he won fewer votes than even the most pessimistic predictions. However, Mr. Bramson thinks that this is sort of temporary problem for him. And it all centers on the fact that Nigel Higgins made a personal plea to other shareholders, the went down very, well, which was basically give me a shot to fix it. I Mr. Bramson very negative on Mr. Higgins's chances of managing to fix it. And so thinks a couple of quarters let it die down that needs to Higgins fail. If you like and then he'll be back with a vengeance. And I guess a share price move up all down will be a pretty strong. Oxy for who's winning on this? We'll keep it closely under review. Thanks very much at David. But I'm going to stay with you for our second topic. I look at Goldman Sachs where we carried a story on Monday up fat, the banks Marcus online savings Bank product in the UK. Obviously also exists in the US as well. And there have been delays to the rollout plan of Marcus in Europe. Yes. So the F T understood that Marcus would be launching in Germany this year and not has been delayed where told there are two primary reasons the first is the delay to Brexit. So Goldman is setting up a new entity in Germany, so that it can continue to service clients in euro-zone off the Brexit, and it had planned to take deposits through its Marcus brand in Germany in part to fund that entity..
"barclays" Discussed on FT Banking Weekly
"But I think in this instance, Barclay's is of the opinion that the more pressing concern is the activist investor that is calling for the investment Bank to improve its returns or scale back, and it can't just keep on going quarters quarter with a stubbornly high cost to income ratio and pay is the main factor in that high cost income ratio. Who knows it just might trigger a revolution in investment banker pay we'll keep tabs on that. Thanks, david. Let's move on to a second topic of the day. And I'm delighted say Leo Lewis is joining us from Tokyo mirror. The giant Japanese. Brokerage has been losing business home because of. A stagnant economy and also on the world stage as the investment banking market goes into retrenchment, cookie. Nagai the chief executive has spoken to Leo Lewis. The FTC Tokyo correspondent and line baba the F FT's editor who was that on the trip. So Lear thanks very much for joining us. Let's first of all here. A couple of key things that Mr. Nagai had to say to us, and I think the questions in this case posed by Lionel baba, the first clip is what he said in response to questions about Brexit. How does it take me numerals? Immaterial huge bucked. Tell me. Allegiance, plough more our latest numbers formulated based upon various assumptions, including young certainty around rate, which bucket this. Of course, it is not the single factor. But as liaison is with our we have placed the global wholesale have in your, but will have to make fundamental change through that structure a He little. had a little toys aside from the timing of Briggs. And whether it's going to be heartbreak to the Greg's it the rations around the wholesale business remained. We and other same time seems possible that it's going to take long for that station to normalize. So this time we see no reason for us to keep that kind of significant presence over there. Next mystic Nagai talked about the job cuts. The would inevitably come. I'm gonna hit the go directly focus on the hit countless duck Shen. But as a result of initiatives will result without sense of headcount city such though that's not our immediate directing tension. No, of course. But will you relocate some of these? Issue. What is? Heart of the pace network rose will be relocated. Because we have made assumption that we will not be able to keep using the single passed on to gain access to the continental Europe. But assumption is we will be able to use that passport any longer. So we have set up a holding company in Europe specifically in Frankfurt, and we are in the process of moving coast Branford base entity. So that we'll be able to avoid the disruptive in even in the case of other Brexit, so Leo how negative is the vibe at Nemea. This all sounds pretty bleak stuff it does. And I think deliberately so now guy sign is city. What thousands? I think he's using it there in Japanese sense of a very large number there about two thousand people in London, the cut will be pretty severe. But the number that we're hearing on background from sources at number of both in London and Tokyo. Oh is around three hundred fifty in. What will be the first of a number of phases of cut? So they all getting quite serious about this numeric is in a lot of trouble as a number of its rivals across the industry. But numerous big problem relates a lot to the Japanese management system, and Mr. Nagai himself admitted that and I think the what he's trying to do is to make sure that everyone knows internally that this is a crisis and that if it doesn't act now and slaves some sacred cows that need to be in a permanent spiral downwards. And that's why you get these big numbers with the suggested cuts of billion dollars of cost savings that he's recently proposed. And that's the theme that he was sending in this interview. He was really trying to I think share the sense that they recognized that they are in serious trouble. And of course, the context here is not only the woes as you said that plenty of other banks around the world facing in terms of the investment Bank..
"barclays" Discussed on FT Banking Weekly
"Japanese financial correspondent, and our guest clip. This week comes from an interview with Koji Nagai who is the chief executive of Japan the mirror. I today we'll be looking at Barclays Bank as it cuts bonuses for staff. Secondly, look at that NoMura story and the plans that Amir has to slash its representation in London and finally revelead. Is it coming of age David I of that barky story, which you in our colleague, Steven Morris broke this morning. A big cuts to Barclays bankers bonuses. Yes. So a double digit cut too. The rate of Krivel in the first quarter. Now, what does that mean? Well, bonuses are paid annually to investment bankers, but they accrue throughout the year and Barclays has had policies 2016 that has allowed it to instantly pull the lever if revenues fall investment banks that bonuses should fall by roughly the same amount as revenues falling. But that hasn't happened. Traditionally, and it certainly didn't happen under the previous head of the investment Bank. Tim throws be who successfully resisted attempts to pull that costly ver he's gone ousted recently and replaced in fact by the group chief executive Jeff Staley, and what we're hearing is the Bank is going to be much more disciplined about pulling that lever. And indeed it has to be because it has at Bramson. The activist investor breathing down its neck calling for it to scale the investment Bank down and amid an environment of falling revenues across the industry. The. Anything that has to do is to cut costs now investment bankers. Bonuses are pretty anachronistic in the current age outlay, given how much prophets of full in in investment banking to keep those levels of pay so high as Oviously been ripe for reform, but a lot of banks of held off from doing that fearful that they would lose their best staff two rivals. What do you think is gonna happen? As a result of this wise Bach is confident it not release as best staff, I suppose, it depends. Who you believe this is always the argument that has been posited, which is cut people's pay than they can go out where the question, I suppose one my ask is where are they going to go is not a huge amount of joy happening in investment banking in Europe at the moment sock. Journeys cutting jobs deutscher is very sick. Indeed. So where do these people go, and I suppose Barclays is taking the risk that people will stick with it. I suppose what stuff might say as well Americans. Doing pretty well, they might be hiring. And of course, the sectors outside of banking in the finance industry. Hedge fund and private equity sectors, which are still thriving. Yeah. I mean, I think you know, you can go to private equity you can go to the shadow banking world. If you like you can go and work for an American rival..
"barclays" Discussed on Monocle 24: The Globalist
"And yes, the the FTC is reporting this, and it's it's notable for a number of reasons one as you pointed out, this is tiger global. This is a multibillion dollar New York. Hedge fund. It is a so-called tiger cub. It's a spin off of the fame Julian Robertson, Julian Robertson tiger fund, which is very well known very high profile, and these these smaller hedge funds have similar investment strategy and considered very noteworthy. And yes, they've they've sold their entire stake. They began last year they finished selling their stake. They had. Been top ten investor in in Barclays, and they were a supporter of Barclays CEO Jeff Staley. And so the backdrop here is that Barclay's stock prices just simply been in the gutter its share price was close to two hundred forty Pence in two thousand seventeen and now it's more like more like one sixty Staley the CEO Barclays had been focusing on its UK retail operation and its US led investment Bank. But obviously this hasn't this hasn't been a winning strategy in the stock market has this anything to do with bricks. The F T article didn't get into that you, you know, it's hard to separate out. You can't ignore Brexit. Obviously in this underscores a couple of things one European banks are still struggling to compete with their with large American rivals. Barclays should have been in a position to benefit from US tax cuts because it still has the the American investment Bank. That's clearly done little for its share price and to your point about Brexit. I mean, Bank share prices tend to reflect the economic environment where they where they operate. And so it's you just can't you can't disentangle the Barclay share price from from the broader economic stance in the UK, and what people are expecting what investors are expecting in the coming years one person quote in the T said, this shouldn't be construed as a loss of confidence in Staley. Your may have just found better opportunities. Elsewhere. But to me that's kind of like saying, well they lost faith in Staley because they found opportunities. Elsewhere. Interesting. And of course, Brexit must impact on the next story. We're gonna look at which is British businesses suffering from recruitment. If of course, if we have people from the EU that is going to be a major issue. Yes..
"barclays" Discussed on FT News
"And then after that, obviously wants the persecution cases finished the defense case will begin and again that could last some time so he could be six months with his trial. Just one final thing than Jane us. He as I said you covering the banks at the time, the Qatari investors that came in with their multibillion, bailout full Barclays, what was in it for them really setting aside, the alleged payments of inducements, why did they invest in Barclays? And of course, they invested in quite a few banks right across Europe at the time. Yeah. I mean, I think the trials hood some evidence that Barclays was an attractive proposition for the Qataris. But obviously, the Qataris are not part of the case nobody from the kettle investments investment thority is giving evidence in the trial. And you've got to basically remember that the Qataris with the purchases here, they didn't have the disclosure abbreviations that Barclays had dinner they're not on trial here. But obviously, they saw the Bank has a attractive proposition in this. Two thousand and eight banking crisis. And I think it is to be remembered the at she sunny. This was true just before the trial started when I checked it costs remain. Barclays lotta shareholder. They've been through ups and downs of a sin. Suddenly just like that positions in other banks in Europe, not least torture Bank. But. That is another story has we have reports many times people on thank you both very much. That was Patrick Jenkins financial editor talking to Caroline Benham financial regulation. Correspondent and Jane Croft are low coats correspondent will be back with another niece feature..
"barclays" Discussed on FT News
"But also is pretty clear that certainly front of mind for many of those involved was the fact that they probably wouldn't be able to get that multi-million-pound bonuses. I mean for this fundraising alone. Russia Jenkins was paid to twenty five million pound bonus. And indeed the jury's heart a memo demanding payments to that effect. I mean, I think one of the things that this case has done is really lift the lid on the frenetic deal making that happened and just the down to the minute negotiations that had to happen in order for Barclays to get this away and stay out of the hands of UK government control. Of course at the time. It was Hales is a great success. When robot Scotland walls being bailed out in an emergency rescue by the British government, h boss was falling over Lloyds, very soon. After as Jane, you covered at the time as banking correspondent was bailed out as. Well, and of course, Barclays looked like he's got the capital at that it needed without any downside, albeit a rather expensive but have capital, but it's rather coming home to roost now. Absolutely enemy today. We heard the prosecution alleged the, you know, the prospect of UK government bailout was very unattractive ball lease. Because it would mean it limited the flexibility of the Bank. But it also meant some of the people talk about because would have to leave, you know, some of the top executives would have to leave as a result of taking tax payer money and also levels of remuneration would be attacked at Barclays, and as I say, we've heard this kind of memo today from Roger Jenkins who was basically sort of saying that he ought to be paid a bonus as a result of his attracting Qatari capital and ensuring that Baucus didn't have to take tax payer money. I mean, he sought said, you know, he basically saved the Bank, and he deserves the money to save our asses and jobs, eloquent, Carolina, explained one thing. Why is it these four individuals and not any others on indeed, not the Bank itself that is on trial you, yes. We obviously have to be a little bit careful in what we say. Well, they're alive proceedings. But one thing we are positively allowed to report is that previous SFO charges against Barclays the corporate with scrubbed late last year in quite a blow to the case. And particularly the Bank could been charged with as well as frauds the same as the human defendants as we call them also in relation to a three billion dollar loan that it gave to Qatar just as the second fundraising was closing. So those parts of the surveys case are no longer part of the trial. So Jane, where does it go from here as I said, I think the jury has been told to expect this to run to six months where clearly only in the first few days. What are we going to hear next, and what are you braced for basically the opening is light to finish this week sometime? And then I think we getting into witnesses. So we haven't got to witness list yet or an order of witnesses. But we know certain individuals are going to give evidence including Marcus ages who is chairman of Barclays at the time. So what he says? Well, obviously be very interesting..
"barclays" Discussed on Ambition Today
"And so you have ups you've downs it's live it's time to the economy and i definitely think that's what we're seeing now you know in our political atmosphere and it's just sort of goes yeah we got a little bit of new york coming into the back of the show here but but no it's interesting i really said about incentives right at my neuroscience at the end of the daily humans humans evolved but over millions of years right and so we really haven't changed much and so if you understand those incentive structures actually is kind of entrepreneurial in the long run because that's what matters to build a company really absolutely you know i think that understanding incentives understanding people what makes people take what people really want and why they wanted is core to to what we do especially in like the directive consumer space right at the end of the day you know if you're consumer is a person then you have to understand sort of how people behave yeah exactly so quickly while this new time from barclays on through pure brands these pre hewlett's days to you know what was that jd like that's all yeah so i graduated college in two thousand nine which isn't exactly the best time in in the united states and then you went to a bank and then i went to an investment actually intern at leman brothers the summer before and then they went under the in the interim and then barkley came in here sticking guests that was leaving to during the break that's funny yeah i wonder if that really company exactly zeno went went to barclays worked in investment banking in the technology group pretty quickly realized that it wasn't where i wanted to be in what i wanted to be doing i've found that analyzing other people's companies and from financial perspective wasn't really interesting to me i was more interested in like the way that these companies were operating and i pretty quickly turned and went onto branding cutor here in new york a company called one hundred mile group socially they teamed up with emerging mostly consumer brands a lot in the health food space helping companies grow out.
"barclays" Discussed on KBNP AM 1410
"Feel the interesting thing is he's not really going with his party here the republicans aren't really the ones behind driving this type of initiative and it doesn't really go to the sort of promarket antiregulation kind of sentiment that he's been trying to put out there but it does appeal to all those people out there who just wanna see lower drug prices one thing that you could potentially see him try to do is crack down on pharmaceutical companies outside of the us taking some of the intellectual property of the us marketing it for a lot lower prices or at least not paying as much for their drugs in the same way that the us does so we'll see what he has to say about that barclays justice dialing getting fine i mean some big numbers is it six forty two thousand four hundred thirty i mean for for most people that's bankruptcy card numbers that's a lot of cash that's equal to fifteen percent of his reported 2016 compensation i think that the word on the street is that this is actually him getting off really easy because he could have been fired he could been true as well as job on the line to some extent i mean he was charged with trying to uncover a whistle blower try to stymie they're coming out with something that's that's kind of not of course against the grain of a lot of whistle blowing types of legislation and yes it sounds like a lot it's almost a million dollars in us terms and yet for him for the ceo barclays who earns a lot more than that it's actually a slap on the wrist he's had his bonus cut to so i imagine just study is not quite as much as he thought he would be i took this job i'm lisa just a final word on governor carney the bank of england it's connie going to be able to hike interest rates again before brexit i heard you go off it was inspired it really inspired me so what do you think that governor county's been talking about.
"barclays" Discussed on FT Banking Weekly
"No yes but some people might push for breakup of the bank and some people say now that he's ringfenced self spit self into makes it breakup easier you could just spin off the investment bank maurice lee and keep the uk retail bank holes that true because it sounds more complicated in that yes so you're right it's definitely a thing that people have been pointing out on a lot of people in industry thing that from mr bramson point of view pushing for breakup is kind of of his tactics he might see but the ring fencing price doesn't necessarily make that much easier for him because if he didn't wanna set off the investment bank although most of the country may face in businesses in the ring fence you then having to rejig all of the corporate banking south again plus private banking all that kind of high net worth clients which have already they've spent three years in a lot of money going through a lot of big changes and you'd have to push that right back through again plus they'd have to try and separate everything out from the shed it infrastructure which is never an easy task when it comes to lexi vang's as we've seen multiple occasions vast yeah that's true and just staying with barclays finally the bank had some good news even though it was a two billion dollar fine last week but it seems to condemn reasonably well what happened why is it gone down well this is two billion fine they've agreed with the us upon justice which is to do with selling of mortgagebacked securities and around the financial crisis as you say two billion is a lot of money doesn't usually sound like good news but it was less than a lot of people had fit on a bit of a vindication for barclays after a lot of their rivals settled or the doj a much earlier in two thousand sixteen and ended up paying much bigger amounts so two billion although ideally they wanna feel paying anything for it if they're going to have to i think people pretty pleased.
"barclays" Discussed on FT Banking Weekly
"With the annual results last month he promised to restore the dividend to the level it had been before he took over and decided to cut the dividend by more than half he's also said that the bank will benefit strongly from recent us cuts to corporation tax and he said that volatility has been surging since the start of this year and that's expected to help the barclays investment bank so things are showing signs of turning around there are still some other clouds out that they bank is being sued by the us department of justice over alleged mis selling of subprime mortgage securities before the financial crisis and it also faces criminal charges along with a handful of former barclays executives including the former chief executive john varley in the uk where it's being criminally charged over the details of its fundraising from qatar in two thousand eight in the heat of the financial crisis so it clouds still hanging over them but in terms of the performance of the business things are starting to move in just staley's favor he's also talked about the potential for a share buyback which would be very attractive idea for investors including presumably mr bramson and you could see the share price start to move upwards at the moment is trading at a discount of some thirty to forty percent to its book value whereas the big us banks performing much better with much higher equity and they're trading above that book value so please could see a big increase in its value but as i mentioned there are still these refugee classes they need to clear those and start to show some evidence that they're out of the woods.
"barclays" Discussed on FT Banking Weekly
"Shen is over thirty billion pounds it's one of the uk's four clearing banks it's incredibly strategic important ain't on an international level it is closed by global regulators as globally systemically important institutions so this is a much bigger chunk to bite off four chevron and what are the main reasons about lee's recent underperformance and what progress has it made in fixing those problems barclays has had a tough time of late almost really since the financial crisis it has been struggling last year the bank was one of the worst performing shares in the sector it fell more than twelve percent last year while the european banking index rose some seven half percent and their multiple reasons for this one is the barclays as being heavily exposed to the fixed income trading markets which have been incredibly calm and that means very little activity has been low volatility and they've suffered as a result of that rapid fall in renews in one of the core parts of the barclays investment bank they've also been hit by changing capital requirements they had operated with very little capital before the financial crisis and since the crisis regular has been forcing them to increase the amount of capital held their sets and that's reduced the return on equity that they can generate and force them to shrink the balance sheet and finally they have been hit by rubber large amount of litigation and they've paid billions of pounds to settle things like investigations regulators into fixing the libel interest rate market who also the foreign exchange market and then not out of the woods yet there are several big live investigations that are still at standing on the bank so all of that has led to lots of restructuring of heavy charges and poor profitability in for two thousand seventeen the bank last month reported a loss of over one point nine billion pounds and i think if you take all the since the financial crisis in more than half of them it's actually made a net loss so.
"barclays" Discussed on FT Banking Weekly
"Welcome to banking weekly from the financial times with me patrick jenkins joining me in the studio today is caroline bingham financial regulation correspondent were also joined by laura newnan aren't correspondent who's being in singaporenew and she's been talking to rohamn moghadam his the asian handing pal this week we'll be talking about barclays and the arrival of a new activist shoveled secondly the financial stability board the global regulatory body has changed tack and finally to that interview with the head of paypal asia i oh i look at barclays we've recorded this segment earlier it's activists investment fund which is quite a significant interest involves these biggest banks increasing pressure management turnaround the banks recent faltering performance let's talk about that hannah murphy spoke to martin arnold fte's banking editor and jonathan guthrie have lex she began by asking martin how much money the firm sherborne controlled by edward bramson had put into barclays and why we should care i can tell you what should born has disclosed which is that it has invested five hundred eighty million pounds in buckley shares and derivatives and as a result of that it says that it now owns just under two percent of barclays voting rights directly through shares held and another just over three point two percent through derivatives and as you mentioned at the result of that it's got between four point two percent of voting rights in pockets which barclays says if you go by voting rights makes it the fourth largest investor in prisons based banks behind capital group black rock and the qatar investment authority so that's how much they've spent and the reason we can't is because as you said sherborne is not a typical institution investor is well known as an activist investor and has carried out activists campaigns pushing for changes in management changes in strategy at several uk financial services groups including f and the management company and a couple of private equity groups electra and three i both were listed private equity groups three i never actually went ahead with the activists side of its mandate because the shares rose in the first few months of its ownership so it was able to book profit and sold fairly quickly without actually pushing for any changes now barclays is a much bigger kettle of fish it's market capitalism.
"barclays" Discussed on KBNP AM 1410
"Shows that women need barclays earned twenty six percent less than men and receive bonuses that a sixty percent lower than men now i know that some of those reasons might have reasons as to who was which position but it's certainly goes towards the idea of equitable distribution of the benefits of the economy in are you familiar with a with a rule that was proposed by the equal employment opportunity commission in 2016 that was supposed to go into affecting much that would have required similar reporting by american companies over a hundred employees not just on the basis of gender but also on the basis of race and ethnicity nassir okay fair enough we'll the reason you're not familiar with it is because the trump administration stopped it it was proposed in 2016 companies were given two years to work their way in but as of last august the trump administration said no we don't wanna know how you pay women how will you pay people racial groups or ethnicity groups we own we don't care about that now i personally think that's horrendous and i would actually say that again if you are interested in the economy that is some degree of equitability the needs to test its in need numbers anecdotally answers very interesting you make for good political commentary but they don't help us to address the problems and i would ask therefore is something like that bidders new britain britain doesn't seem to have him back at barclays in any particularly bad way but provides us the information we have to go forward to argue for pay equity across the board now i am a white male but i'm not interested in my success being at the expense of people who are not white men and i would ask is the insurance put it all would you be interested in pursuing something you overseas seven thousand entities some of them large some of them small muslim pretty large would you be interested in pursuing some degree of not intrusive but some degree of investigation as to how they pay their employees if it's at portable anna first on i'm not at all familiar with either the british or the uc proposed rule that was not familiar with either of those and these are the kind of things is that congress should consider you know we we have a job we have a really important job to do that you assigned is.
"barclays" Discussed on WPRO 630AM
"Particularly big experts say it illustrates the president's desire to get tougher on trading partners sierra crawford washington subway stolen of slumped the fivedollar foot long thing apparently was a flop now it's thinking of offering to olive discounts through our loyalty programme your frequent flyer at subway i'm going to give it to bucks off that's the news from subway barclays bank a big investment bank done in new york city this have pay gap between male and female about this civil jobs civil departments female investment bankers make about half of what barclays pays male investment bankers had the same experience and kind of stuff while the women on happy about that that came out in barclays that came on in barclays and you annual report women are not making as much as then hyundai's luxury car the genesis sedan tops the annual ranking of best new cars look at that consumer reports says hyundai's luxury genesis sedan wins the top sedan vote for everything that would you ever think the hyundai non that you who knows a cheap doc i would not have thought bid by quite a way hyundai not the more the hyundai genesis luxury recent top topsix how about for electric cars dan what would you say is the number one electric car will would you go with oh that's a good question gene i mean the preace was known for so long but i now the bolt seems to be coming on strong the bolt is named number one for compaq green cart beating out toyota prius and tesla's model s pull massing happy about that it's goodness for them to my twenty twenty five of them up there on the lot i drove when the nice they on ice all electric at go by it's hit the same bridge as a tesla legal join.
"barclays" Discussed on FT Banking Weekly
"Prime minister as two related deals linked to those fundraising rounds that have become the focus of the esa phase investigation one is something called advisory serves agreements that were paid to get a holding which were initially not disclosed they came to light some years later and a three billion dollar loan from barclays to the state of gotta in november two thousand an eight so the implication there is that barclays was in effect using investors to learn to itself which it's not amount to do unto uk rules barclays group and four of his chief executives were charged in i think june last year and we are awaiting this has been quite anticipated this charge against barclays bank plc an it's funny come round and that is to do with the three billion dollar loan from november two thousand night a k and balkh lease the parent company was already charged with this illegal financial assistance but it was also charged with another charge which was a fraud charge right that is to do with the socalled advisory fees that were initially not disclosed a three hundred million pounds of advice really evenings you in impounded advisory fees have the fight is his year okay laura tell us about why this is important the main thing about this new charges the entity it has been leveled again through this charges against barclays bank barclays bank is what hold the regular licenses to there are particular implications you having a regulated entous he having a criminal charge against station having a coma finding the other charges were either against there was four former executives and there was also charges against barclays group rockies group while is at the very top of the barclays companies it doesn't actually hold the licences so from iraqi perspective having a barclays bank charged does take into new territory in terms of what could happen so if they were to have a negative finding and sparky's bank that could have an impact on barclays of abilities to continue doing the business of a bank yeah i mean we have not seen criminal charges brought against a british.
"barclays" Discussed on Bloomberg Radio New York
"Bubble market is gone have a look at what happened in the chewed up market at many many decades ago let's talk about the risk in warden stocks this morning as a catching feeling brita joins us in the news studio of course i'm talking about shall scrap the scr grip dividend now what does this mean brie why should i be as a brilliant as i am plow i think that this company is trying to show that it has less left the worst of the crude slumped behind them we're seeing shares up almost two percent on this news so as you just mentioned shell which is your as europe's biggest oil company will stop the socalled scrip dividend from this quarter it said in a statement earlier today it also reiterated a 2015 plan to buy back at least two hundred and fifty sorry excuse me to twenty five billion dollars of shares from 2017 to 2020 and yeah so we're seeing the shares up about two percent right now but it's just a little bit we'll do so breed because there were seven banks stress tested two will fly dope is not meaty acquitting extremes scenario in terms of so i'm trying to decide whether this is pass or fail and talking about barclays rbi need take so far from the market right so we're watching barclays shares right now they're down slightly about point six per cent on and as you mentioned these were just two banks that didn't not really past the health check and they fell below their systematic the banks of england systematic reference point yet the bank also said the actions taken by these banks since the end of 2016 mean neither need to actually bolster their capital so it's hard to see whether this really means of passer fail but we are uh uh there's a barclays take a bit of a heads yeah we're going to discuss those things eluded moody's you'll see the mowers are in high banking reporter will devine a little bit more on those stress tests brie let's.
"barclays" Discussed on AM 1260 The Answer
"And how they did it is even more amazing at barclays to keep their capital position it appears and the serious fraud office in the uk is looking at it appears they loan gutters some money which they would be a triplea credit rating uh a borrower and that adds to the value of their capital and the qatari thin return the money in the form of investments so barclays really didn't take any outside montiel if it was their own money they loaned to someone else who then took an equity stake well that's complete if if if that's what happened at is that is serious fraud which have the serious fraud office is investigating but that let them continue down the path of uh what i believe is a potential massive bear raid on lehman brothers that may have come from the qatari investment fund it's so hard to tell because of the the dark pools and all the things that the big sovereign wealth funds operate the best we can tell is it emanate it out of the middle east out of cutter that was attacking lehman brothers and then they ask barclays bank why don't you buy lehman brothers and rescue them just like bank of america merrill lynch here in the united states and the answer that they gave was no but the answer of came from the qataris not from barclays not from the british government not for the american government and the entire financial system started to fail when lehman brothers went bankrupt and was not rescue no no remind ten in the of the role that would have been played in all likelihood in such a the scheme by uh a little by the name of ucits alqaradawi who is and what uh what clinton's agenda since operate well in this particular instance he was the sharia scholar of the qatari sovereign wealth funds but more importantly i here's the seniormost muslim brother other in and have the television program and aljazeera that you know he's denounced america denounced israel he is a really bad guy and he called he he called for the destruction of the western financial system and capitalism he's he's call for a lot of things in the muslim brothers throughout the world will make them happen tenant speaking of the efforts to do harm to a western governments was than systems gouden or uncomfortable system could you comment.