35 Burst results for "Barclays"

Giants signing Devonta Freeman

Schopp and Bulldog

00:16 sec | 8 hrs ago

Giants signing Devonta Freeman

"Around the NFL in Rep. Port reports that the Giants who officially placed running back, say, Quan, Barclay and I are today are signing free agent running back Devonta Freeman. Broncos have signed free agent quarterback Blake Bortles following the shoulder injury to drew lock that will keep him out for multiple

Blake Bortles Devonta Freeman Giants NFL Broncos Quan Barclay Rep. Port
Sanctioned Putin associate ‘laundered millions’ through Barclays

BBC Newshour

01:00 min | 2 d ago

Sanctioned Putin associate ‘laundered millions’ through Barclays

"Banks helped money laundries and Russians subject to international sanctions. The Secret files show that the bank HSBC allowed fraudsters to move millions of dollars despite being warned it was a scam and ally of the Russian President Vladimir Putin. Sanctioned by the U. S and U used Barclays in London to buy fine art Fergus Shell is from the International Consortium of Investigative Journalists is unprecedented and remarkable leak that tells us as never before what the banks know about suspicious money movements. It connects with virtually every country on the planet, and it connects with some of the worst financial scandals ever in history and some of the worst criminal and terrorist Activity on the planet. HSBC has said it's overhauled its ability to combat financial crimes and barflies. Excuse me, Barclays highlighted it's cooperation with the authorities. Two Republican senators have said the

Hsbc Barclays International Consortium Of In Vladimir Putin Financial Crimes Fergus Shell President Trump London U. S
Elizabeth Fry, The Prison Angel

Encyclopedia Womannica

04:59 min | Last week

Elizabeth Fry, The Prison Angel

"Hello from Wonder Media Network. I'm Jenny Kaplan and this is encyclopedia Monica. Today's activist was a major proponent of prison reform in Britain. She's known as the Angel of prisons. Let's talk about Elizabeth Fry. Elizabeth Gurney was born in Norwich Norfolk in seventeen eighty to a wealthy quaker family. Her Father John was a successful banker and her mother Catherine was a member of the family that founded Barclays Bank which still operates is one of the largest banks in the world. Elizabeth was the odd one out amongst her siblings. She experienced mood swings and had difficulty learning which biographers attribute to her dyslexia. Elizabeth once said I was thought and called very stupid and obstinate I certainly did not like learning nor did I believe attend my lessons when Elizabeth was twelve years old her mother passed away and Elizabeth was left to care for her younger sisters and brothers. Eighteen hundred at the age of twenty. Elizabeth Mary Joseph Fry London banker and quaker together. They had many children most sources say eleven, five sons and six daughters though some sources suggest that had even more kids. Elizabeth was an observant quaker and frequently worshipped at the Friends Meeting House. It was there the she heard Williams savory preach about the importance of altruism and philanthropy. His words inspired Elizabeth to help those in need. In eighteen thirteen elizabeth visited newgate prison, which was notorious for its filthy state and its dismal treatment of its prisoners. Elizabeth was appalled to see such harsh conditions. Women and children were tightly packed in small spaces with little room to wash themselves or cleaned their clothes, and while many of the newgate prisoners had committed severe crimes, some of them had not. And others hadn't even received a trial. Elizabeth was determined to act the next day she returned to the prison with fresh loaves of bread and clean clothes, but she had sewn herself. She distributed them to the prisoners and encourage them to keep their cells clean and find ways to be hygienic in the oppressive environment. Elizabeth didn't come back to newgate until eighteen sixteen due to financial difficulties within her family. But upon her return, she dove back into the Work Elizabeth educated the children of Newgate who were imprisoned with their parents teaching them practical skills like reading and selling. In eighteen seventeen, Elizabeth founded the Association for the improvement of female prisoners along with twelve other women she worked to advance prison reform and to provide female prisoners with education and tools for employment Elizabeth fought for the idea that prison should be based round rehabilitation rather than punishment she wrote it must indeed be acknowledged that many of our own penal provisions as they produced no effect appear to have no other end the punishment of the guilty. Eighteen nineteen Elizabeth wrote prisons and Scotland in the north of England and encouraged her society friends to visit newgate themselves. At. That time Britain was in the practice of sending prisoners to penal colonies in. North. America Australia and India. At newgate. Prisoners en route to be transferred to convict ships, rebound by chains and unable to move around and tiny carts people in the streets pelted them with garbage. Elizabeth convinced the governor of new gate to carry the women enclosed carriages rather than open ones and to ensure that all the women and children had enough food to eat on their voyage. Elizabeth also gave the prisoner sewing tools, bibles and other necessities to accompany them on their long journeys. With the help of her efforts, the act of transporting criminals so far away lands was prohibited in eighteen, thirty seven. Prior to that change in policy Elizabeth visited every convict ship bound for Australia for more than twenty five years. Throughout the eighteen twenties, Elizabeth inspected prison conditions and continued to advocate for the rights of prisoners. She presented her findings to the House of Commons committee in doing. So she became the first woman to present evidence to parliament. Elizabeth's ideas influenced the eighteen twenty three jails act which introduced a series of prison

Elizabeth Elizabeth Fry Elizabeth Mary Joseph Fry Work Elizabeth Newgate Britain Jenny Kaplan Wonder Media Network House Of Commons Committee Norwich Norfolk London Friends Meeting House Barclays Bank Australia Scotland England America John Williams Catherine
Can any long shots stun Tiz The Law at Ky. Derby?

At Home with Gary Sullivan

03:34 min | 2 weeks ago

Can any long shots stun Tiz The Law at Ky. Derby?

"All right. Jody Delhi is going to give us the odds on the Kentucky Derby race. Of course we've heard about is the law. Everybody's liked his. The law is the law. Well, there are other horses in the race. Right, Jody? That's right. Says the law is 45. This is current odds right now. They just opened the windows this morning. Ah, 25 minutes ago. This is current odds. Tis a law fortified. And then there is a pretty good distance between him and the next horses. And the next course is there's actually a pretty good distance of who are a pretty good racer. Who's the second choice right now. It would be Santa Anita Derby winner Honor AP at 8 to 1 Authentic, though, is 9 to 1. That's Bob Baffert horse who won the Haskell Tendo one Bob Baffert horse 1000 words Who won the shared beliefs. So you've got those horses? Ahh, right there. All four vying for second choice in the Derby. Let's run from the inside, post position out. We'll give you all of the odds here. A CZ. We go through it finish the fierce. The number one horse, The one eyed gilding has been scratched. He is not running in the race number two Max player, Ricardo Santana Jr. The jockey, Steve asked. Musa is the trainer Max player. Is down. 18 Toe one. He was a morning line. 30 to 1. He's back. He's been bet. Pretty good. So far enforceable. Adam. The skits of the jockey Mark Cassie is the trainer 23 to 1 down a little bit from 30 to 1 in the morning line. Storm. The court who was the breeder's Cup juvenile champion last year, Julien Les Peru is the jockey Peter Kurten is the trainer 26 to 1, Major fed James Graham and Greg fully 34 to 1. They were 50 to 1 in the morning line. Number six. King Guillermo has been scratched. Money moves. This is the one that is interesting to me. Money moves from Todd Pletcher, making just his fourth career start. Was a 32 1 in the morning line and is getting bet. Heavy. Todd Pletcher's Horse Down 15 to 1 South Bend. I don't think all the Notre Dame Ah money has come in yet on South Been 34 to 1, Tyler Gaffney, Leone and Belmont trainer. Mr Big News. Gabriel Sias trainer Brett Calhoun 47 to 1 number 10,000 words as we said 10 to 1. Number 11 Necker Island, who, by the way will have his blinkers off, so he's been running with blinkers on in his last few races. He will not wear blinkers today 51 to 1 Miguel Mania and Chris Hartman is the trainer. Soul a Valon Day. Patrick being cone Lucas Panici is the jockey Volonte 29 to 1 attachment, Right, Dale? Romans 49 the one I thought that he would actually get a bet down. I'm a little surprised that that one winning surprise winning impression is no surprise. He is 52 to 1, the longest shot on the board. Dallas Stuart and Joe Rocco. In the irons, New York traffic 15 to 1, Paco Lopez and Saffy Joseph is Ah Ah, actually, I think he's gonna end up being like the third or fourth choice when it's all said and done. Probably a little bit of a buzz horse here out here among the horseman Honore P. 8 to 1 in the 16 post position with Mike Smith. John Sheriff's is the trainer. Tis the law 4 to 5, Manny Franco and Barclay Tagg. An authentic on the outside Bob Baffert 9 to 1 John Velazquez in the iron, So there's your Kentucky Derby odds for right now and again betting is open. And we've got a bunch of our hot We have 30 minutes to the first post 31 minutes right now to the first post long time before we get to the Kentucky Derby, So a lot of money will be bet on there, Terry.

Jody Delhi Bob Baffert Kentucky Derby Musa Todd Pletcher Santa Anita Derby Peter Kurten Dale South Bend Mike Smith Mark Cassie John Sheriff New York Honore P. Barclay Tagg King Guillermo Necker Island Manny Franco Valon Day
New York's Barclays Center Gearing Up To Be Safe Place To Vote In 2020 Election

10 10 WINS 24 Hour News

01:05 min | 3 weeks ago

New York's Barclays Center Gearing Up To Be Safe Place To Vote In 2020 Election

"Madison Square Garden as a polling place this election day concern of course of voting November 3rd in person that smaller areas that have been used for decades like schools or libraries. Are they safe enough to welcome what's expected to be a large turnout. The Barkley center says they're going to step in and help safely accommodate tens of thousands announcing an agreement with the Board of Elections. John Abbott Mandy of Barclays says they're happy to use the facility that's been shuttered for months. It's also obviously been in the gathering place for people in our community to come together and share their points of view on momentous issues of the day, So we think it's only appropriate that Barclay Center will also become very centrally located Voting center early voting and voting on Election day itself. Early voting October 24th till November 1st for a president Eric Adams space where best to entertain is now going to be a place where we're going to entertain the possibility of choosing the next president of the United States when Shaq 10 10

Barclay Center Madison Square Garden Barkley Center President Trump John Abbott Mandy Barclays Board Of Elections Eric Adams Shaq United States
Makeover: Oil Giant BP Promises to Cut Oil Production, Invest in Renewables

Business Wars Daily

04:09 min | Last month

Makeover: Oil Giant BP Promises to Cut Oil Production, Invest in Renewables

"Somebody had to go I. It's no surprise that Covid Nineteen Delta Draconian blow to the oil and gas industry stay at home orders and line shutdowns of dramatically reduced the need for oil and gas prices and earnings plunged well. Now at least one giant oil company says demand for fossil fuels will never be the same again and it's taking steps not just to pivot, but to make itself over entirely. That business is BP the london-based behemoth last week, the one, hundred, ten year, old company announced a seventeen billion dollar quarterly loss and multibillion dollar writedown of its assets. But what generated headlines was its announcement that over the next decade, it intends to discard its identity as a fossil fuel business. Instead, it'll invest heavily in a wide variety of renewable energy technologies on its way to achieving net zero emissions by twenty fifty. Specifically bb says it will cut oil and gas production by forty percent over the next decade. At the same time, it plans to put ten times as much money into renewable energy investments as it currently does with a goal of investing five billion dollars a year by twenty thirty bio-energy hydrogen, carbon, capture and storage investments in electric vehicle charging stations are all said to be on the menu as our wind and solar. From. A business perspective the move does make some sense BP expects demand for oil to fall between fifty and seventy five percent over the next thirty years as the world attempts to slow global warming. In June BP officials acknowledged that the pain caused to the oil business by the pandemic isn't temporary. It's permanent. They say in a statement, they said covid nineteen would accelerate an existing transition to a lower carbon economy as country seek to quote, build back better meaning in ways less harmful to the environment. The shift is taking a toll on BP's employees. The company announced in June that it plans to lay off ten thousand people. BP's dismal second quarter didn't seem to faze investors instead they embrace the company's new renewable energy shift its share price leapt seven percent on the news stuart joyner an analyst at the market research firm redburn remarked that the move was major positive, thoughtful, and largely unexpected the New York Times reported. Unexpected too many perhaps, but close observers of the company may not have been that surprised. BP has spent the last decade clawing back from its disastrous deepwater horizon oil spill in the Gulf of Mexico. For obvious reasons, the company hasn't exactly been a darling of environmentalists, but quickly after becoming CEO in February Bernard Looney made a pledge for BP to achieve net zero emissions by twenty fifty it was the first of giant global oil companies to do so. At the time both socially conscious and traditional investors applauded BP's pledge Andrew Logan and oil and gas director at series a climate change advocacy organization said EP was setting a new standard for leadership in the oil industry CNN reported and Barclays analysts called the plan both fundamental and radical. Last week. Looney. said in a statement quote. This coming decade is critical for the world in the fight against climate change and to drive the necessary change in global energy systems will require action from everyone but so far oil giants. Exxon and Chevron have not followed suit indeed mobile continues to expand oil exploration and production around the world despite its own sharp drop in earnings. The Washington Post reported BP has attempted and failed at other eco, friendly initiatives over the years and BP will continue to invest in and make most of its money from fossil fuels for at least another five years. Still observers agree that this is the company's most transformative move yet, and the realities of business may give BP's ecoconscious strategy more momentum than has existed in the past. As reporter Steven muffs wrote in. The Washington Post for. BP. Is trying to get ahead of what climate change might forced the industry to do. Anyway.

BP Washington Post BB Mexico EP New York Times Exxon Andrew Logan Bernard Looney
MTV Video Music Awards Moving Performances From Barclays Center To Outdoor Venues in New York

The Best of Ben Shapiro

00:16 sec | Last month

MTV Video Music Awards Moving Performances From Barclays Center To Outdoor Venues in New York

"MTV says it is ditching plans for indoor performances for upcoming video Music awards Instead, MTV is opting for outdoor shows spread throughout New York City in accordance with local and state guidelines. The ceremony Bastos new rewards of a focused on live performances and music videos created at home during the

MTV New York City
2020 MTV VMAs will no longer be at Barclays Center, network says

Vickie Allen and Levon Putney

00:34 sec | Last month

2020 MTV VMAs will no longer be at Barclays Center, network says

"It turns out the MTV Video Music Awards will not take place at Brooklyn's Barclays Center as planned. The plug got pulled after both MTV and Barclays mutually decided not to have the event inside the arena because of safety concerns. The show will still happen, though at several outdoor locations around the city, 2020 be amaze will be held on Sunday, August 30th and honor New York's incredible resiliency. Audiences will be very limited adhering to all state and city health guidelines. Nominations is Hero led by Ariana Grande es and Lady Gaga with nine apiece, Billy I'll ish and the weekend each have six

Barclays Center MTV Barclays Ariana Grande Lady Gaga Brooklyn New York Billy I
MTV Video Music Awards Opt Out Of Indoor Event At Barclays Center After Health Warnings

Colleen and Bradley

00:30 sec | Last month

MTV Video Music Awards Opt Out Of Indoor Event At Barclays Center After Health Warnings

"The MTV Video Music Awards. Yes, Yes, said the MTV Video Music Awards are still happening, because music videos they're still happening. Yeah, I was just gonna happen, though. Well, it's happening at the Barkley Center in Brooklyn and Governor Andrew Cuomo of New York. Made a previous statement saying that they're going to be practicing social distancing guidelines. I have a feeling they're going to perform to an empty Barclay center, and we're going to be watching. So I mean, I usually put some cut outs in the stands most Lin did

MTV Governor Andrew Cuomo Barclay Center Barkley Center LIN New York Brooklyn
Tiz The Law Owner Jack Knowlton On Belmont Win

The Horse Racing Radio Network Podcast

06:03 min | 3 months ago

Tiz The Law Owner Jack Knowlton On Belmont Win

"Will here it is Jack Knowlton visiting with Anthony's to bill on. Red Brand radio. Congratulations on a fantastic win. A lot of people feel like it was seventeen years in the making my friend. Well we finally got our triple. Crown for Sakho Toga for Barclay tag and took us two horses and seventeen years, but from what I understand. It's still kind of fight for Barclay There aren't a lot of trainers at You know is one three legs of the triple crown in recent years. Yeah and you know you guys together. Seventeen years apart, and with New York breads and I know that's the. The mantra over attack a Toga. You guys support that program as well as anyone. Well I was pretty fascinated to learn that it was one hundred thirty eight years since the new. York breaded, won the. Belmont stakes now I know a lot of people are going to say well, then really count you know at you know. It wasn't a mile and a half and Yada, Yada but. In my mind, anybody who watched that race, who questions who would have won that race? It has been a mile and a half. I think the outcome would have been exactly the same as it was at amendment eight. And, Barkley had gone on record is before the race saying you know I would have liked a mile and a half of the source, and he's a horse again. New York Brad and that's what you guys do, you? You've been high on this horse from day one. Well. I watched them train at Saratoga. I mean you're up there and I'd go over at six o'clock in the morning 'cause. That was a time of day that Berkeley landed of track. It was almost darker. She got near the end of the need of what's dark. And not only did he. You know have a good works, and you know work quickly, not crazy fast, but you know good works. But the way he galloped out, I mean they couldn't pull him up. He goes around the second turn. After you know going, pass the finish line and writers just added tremendously difficult time pulling them up junior. Alvarado was riding. Mine is is raised back then, and when I saw that we went into a first range of six and a half furlong maiden mates for New York. Badge I really had a lot of confidence and He's lived up to it so one little bump in a road when he got stuck down inside and the worst part of the race track and Kentucky Jockey Club At. The end of November other than that He really has been flawless. Yeah. That's lobby. Track back in November. He's just been He's been impeccable. The rest of the way the covid nineteen outbreak of course forced post moment of the Kentucky Derby the preakness to. The. Bom obviously the biggest change with the Belmont was not only the two weeks, but the distance. You've mentioned the ASTERISK. We'll get to that in a minute You guys pretty much. And gals I don't want to offend anybody in Saratoga those thirty-five parts of this. Is that accurate? Seven and funny is that I was that six or seventy? You guys and funny side. We had ten ten. Okay, okay only. The same folks lieutenant. And I the only holdovers class. You guys Gus Williams. He passed away several years ago as dead one of our other great partners Dave Man but Ruined I gave remaining to. Stay with it and never in the world expecting that we would get the kind of horse that we've gotten here with the law. And this was an important race for you to win Jack Not that you don't want to win. The Derby again or the preakness again, but the Belmont stakes with your dedication to new. York, Brad's and New York, and let's face it. you know in a game where horses changed hands an awful lot. You and Barclay have been together two decades at this point. This was a very important race for you guys to to tick the box on. It was, and now he's got one more coming up in my hometown Saratoga Springs I've lived thirty five years I know Barkley wants to win it badly as do I and. Really if we can you know, check this box. would include the champagne, which is the the most important two year old race. The Belmont stakes obviously being biggest Belmont. Race and We get the travers at Saratoga. That's quite a triple. And that's pretty remarkable. When you consider you know you started this twenty years ago. As pretty much. Just some friends getting together and buying some horses. We had six guys and Sackett Cyber. I find the eastern end of Lake Ontario I went to high school. We were having our usual. Memorial Day weekend, bearing barbecue, and my wife and I would go up there and visit and I had been in the harness. Business Standard Bread business I guess for about a dozen years and got out. In in ninety four. And somebody up there said well. Why don't we buy a thoroughbred and I said you know figuring I've never gonNA hear anything about it again. I said okay. I said you know, let's each put in five thousand dollars. I knew Tim Kelly at that point who's a trainer and works at is never now. so I got a hold of me and he found this a New York Brad for twenty two thousand dollars. We named him the second sex after the six of us. From Sackett Cyber and came up with the name sack Toga stable after sack I Saratoga and made ourselves Maroon and gray, which are high school college. So. That's how it all started.

New York Saratoga Belmont Brad Sackett Cyber Barkley Jack Knowlton York Saratoga Springs Kentucky Jockey Club At Barclay Kentucky Derby Alvarado Berkeley Anthony Gus Williams Tim Kelly Dave Man
Airline Cash Flow

Airplane Geeks Podcast

05:44 min | 3 months ago

Airline Cash Flow

"All right our first story comes in from our Listener Linda. This is from one mile at a time surprising statistics about mileage, plus about united, mileage plus. In, we see that united has announced financing in the amount of five billion dollars secured through the airlines loyalty program. This is part of their to have seventeen billion dollars in liquidity by the end of September. Separately CNN reports that that's three times the cash. They normally have on hint. Of course all the airlines are. Struggling essentially with their cash flow situations and they they need to have. Cash on hand united is amongst them of course and It's it's an interesting strategy to take their mileage plus program and leverage off some financing based on that and the findings. He's GonNa come through Goldman Sachs Barclays. And Morgan Stanley and united will have seven years to repay that. These affinity programs like mileage plus our big business for the airlines united estimates that the value of their mileage plus program. If it was a standalone business, would be twenty billion dollars, so there's a lot of. A lot of revenue that changes hands here. We need Dan back as guest to explain all this 'cause. I tried to read how they mortgaged their frequent flyer program to raise five billion in my head started to hurt. Well I'm just thinking I I'm GonNa. Leave the show early right now because I'm GonNa, go start the airplane, Geeks, mileage plus program. I mean there's this is a twenty billion dollar business. We're wasting our time here, guys. I know it's It's pretty amazing so. The, the partners United Partners Pay United to award miles to their own customers, so says things like credit, cards and hotels when you earn united miles or mileage plus miles by reserving at a hotel or using a credit card. United gets a piece of that action and it adds up to quite a lot. So that large part of it comes from selling miles to other airline programs. I didn't see them call out specifically income from credit cards for example card I use most often still is the united mileage plus a credit card. I would imagine they must be earning. Some money from chaser manages that card. Even My my Hilton Program have the option the option of taking my awards, my my points, basically that I earned from staying at Hilton, properties and I, either get Hilton points which I can redeem for rooms, or I can get united, miles well Hilton. Kick something that United Four that for Hilton. There's value because it's you know. It's a service can offer its customers. If you look at the one mile at a time website. It gets down to break some of the stuff down. Like seventy one percent of the cat is offer twenty, one, thousand, nine hundred. Seventy one percent of the cash flow is from sales miles purchased by third party partners. But then when you look at how it was redeemed, ninety seven percent is redeemed by. using it on united. Right for travel, in yeah, only three percent of those milder redeemed for non travel rewards, it does make you start to wonder if the the planes are just kind of you know aside business. Instead they're making money off of mileage plus baggage fees. You wonder at some point Could this be one of these businesses where you know you give away the the razors for free, and you're making it all on selling razor blades. Absolutely I am particularly these days, but even you know even without the huge drop in air traffic is the result of the pandemic. Even before that the aircraft, just the promotional item Eb. Senses Yeah and in some in some way, so it's it's a really interesting business. It's not always what you What you think we also see here that you united his made an SEC filing an aide filing in in that filing. We learn a little bit more about the program. that united mileage. Plus program has over a hundred million members. And that fifty percent of United's flight revenue comes from mileage plus members. Which is that's? That's pretty high. Also the mileage plus program generated five point three billion in cash flow from sales in two thousand nineteen, and that's roughly twelve percent of United's overall revenue. So, Oh, another interesting The number here is it. The mileage plus program generated one point eight billion dollars in Eba, DA, which represents about twenty six percent of their total adjusted ebitda. That's. earnings before interest taxes depreciation and amortization. So that's that's sort of a A. Year of earnings from an operating standpoint, twenty six percent of united's basically operating earnings from this mileage plus

United Partners Pay United United Hilton CNN Goldman Sachs Barclays Morgan Stanley EBA DAN SEC
New York-bred Tiz the Law wins spectator-less Belmont Stakes

SportsRadio 94WIP Nights and Weekends

02:10 min | 3 months ago

New York-bred Tiz the Law wins spectator-less Belmont Stakes

"And nobody got rich on Saturday at the year Belmont Stakes said kids the law deserved to be a four five forty five favorite and random one just like that I did you do okay otherwise hi I did not but that's okay and that was the right handing the right course one no Barclay Tagg since he was article way like when he was like forty in Maryland years ago he's eighty two now so yeah deserving winner of the best horse and but people adult though the winning trainer is up an average it is a Penn state grad and he's eighty two years old which is very cool that he's got is about personal triple crown after winning the derby to freak is back in three was funny cide seventeen years later Hey is still sharp as a tack as a matter of fact and I took all my CDS help on Saturday night and they said well now with to the law could be three to five in the Kentucky Derby and I said well not so fast my friend because they got a race in between the Belmont in the Kentucky Derby that will be brought up in the backyard of the owners of tis the law second toe but stay gold stable up in Saratoga I think they if they could only win one of the two I think they actually prefer winning the Travers then winning the Kentucky Derby I no one ever said that about not winning the Kentucky Derby yeah that's true but you're right the the stable is that part of its second Spain New York and Saratoga that's how they came up with the fact that the the stable and yeah they live up that way now so yeah it would be huge aware of obviously for parkway and they and that's through party won the derby with funny cide but yes they will have a race August St between now and the derby so we'll be strange but it has been a very strange here and he won't be three to five with a therapy about what happens is it'll be a much bigger field and a much stronger feel a lot of really solid forces did not run on Saturday is that sorry just came out nobody knew what it was going to fix it and then also they set out by the way the Belmont June twentieth so some of the traders work right to get more navel to get their horses right

Belmont Stakes Barclay Tagg Kentucky Derby Travers New York Saratoga Maryland Kentucky Spain Belmont
New York City police officer who shoved protester charged with assault

Dave Ramsey

00:41 sec | 3 months ago

New York City police officer who shoved protester charged with assault

"An NYPD cop accused of shoving a George Floyd protester to the ground in Brooklyn last month is facing assault charges as another officer involved in a similar incident is being investigated Jennifer Appel Sony files this report authorities say officer Vincent de Andrea of the seventy third precinct in Brownsville being arraigned on assault criminal mischief harassment and menacing charges the twenty eight year old officer was caught on video pushing a twenty year old protester to the ground near the Barclay center back on may twenty ninth the woman says she suffered a seizure after that fall meantime another police officer has been placed on modified duty for striking a protester in Brooklyn on may twenty ninth the same day by opening the door of an unmarked police

Brooklyn Officer Sony Vincent De Andrea Brownsville Assault Harassment Barclay Center Nypd George Floyd Jennifer Appel
A New York City police officer was charged with assault after he was recorded knocking down a protester in Brooklyn

Curtis Sliwa

00:29 sec | 3 months ago

A New York City police officer was charged with assault after he was recorded knocking down a protester in Brooklyn

"Two police officers have been charged an NYPD officer has been charged with assault after being caught on cellphone video calling a Brooklyn protester a stupid B. word and then shoving her it happened may twenty ninth at a black lives matter protest near the Barclays center twenty year old junior is there fell and later said she suffered a concussion and seizure officer Vincent de Andre will be arraigned later today he's been suspended without

Officer Assault Barclays Center Vincent De Andre Nypd Brooklyn
A New York City police officer was charged with assault after he was recorded knocking down a protester in Brooklyn

Midday News

00:36 sec | 3 months ago

A New York City police officer was charged with assault after he was recorded knocking down a protester in Brooklyn

"In the past few minutes in New York City police officer was arrested and charged with assault he was recorded knocking down a protester in Brooklyn in video that went all over the place early on in these George Floyd protesters was outside Barclays center and this officer is accused of pushing a twenty year old protester down to the ground she fell and hit her head now to go to the hospital the officer identified as Vincent de Andreae from the seventy third precinct in Brownsville via charges included a criminal complaint of third degree assault fourth degree criminal mischief second degree harassment and third degree

Officer Assault Brooklyn Barclays Center Vincent De Andreae Brownsville Harassment New York City George Floyd
Thousands March New York City for 11th Day of Protests

Wayne Cabot and Paul Murnane

01:02 min | 3 months ago

Thousands March New York City for 11th Day of Protests

"In strangers again took to the streets of New York City yesterday this time without the curfew to worry about W. CBS's Steve burns walked along with one group in Brooklyn with no curfew concerns they were free to March and free to make some noise windy registered nurse from queens says it's a bitter sweet atmosphere very sad about what has been going on but then one way to actually see people from all nations come together you know to say that because I think it's a good thing she wants to see equality for all something that hasn't been realized in health care either visible time that's the end racism this has been going on and we need to stop the only way we can do it is to do this legal voice be heard the group marched up Flatbush Avenue with police fans both of the front and the back eventually made their way to the pedestrian walkway at the Manhattan bridge at the Barclay center Steve burns WCBS newsradio

New York City W. Cbs Brooklyn Queens Manhattan Bridge Steve Burns Barclay
Protesters, NYPD Square Off After Curfew In NYC

Jim Bohannon

00:44 sec | 3 months ago

Protesters, NYPD Square Off After Curfew In NYC

"Across America I'm only at Francis as an eight PM curfew kicked in around New York City tonight protesters gathered peacefully to defy that order Steve Kassebaum reports there were a few thousand people still on the streets marching in protests scattered across the city with a curfew began at eight PM the crowds thinned out over time but some were determined to defy the curfew and protest peacefully as the night wore on a green downtown Brooklyn police started to break up a crowd of demonstrators to send them on their way there was pushing and shoving and some were arrested there were more rested at the Barclay center where around one hundred people were also defined the curfew and a similar scene in part of midtown Manhattan but generally New York City was quieter than it had been on previous

America Francis Steve Kassebaum Barclay Center Manhattan New York City Brooklyn
Day of peaceful New York City marches gives way to chaos after dark

Glenn Beck

00:35 sec | 4 months ago

Day of peaceful New York City marches gives way to chaos after dark

"Tens of thousands of people were drawn to marches across New York City throughout the day and night Sunday at times thousands filled the plaza in front of the Barclays center in Brooklyn and Foley square Manhattan simultaneously while the day had been filled with peaceful protests later at night some of the crowds clashed with police again a few blocks away acts of civil disobedience dozens of protesters took a knee in the middle of Broadway after being ordered to disperse mayor bill de Blasio's daughter was among those arrested for unlawful assembly at that

New York City Barclays Center Brooklyn Manhattan Bill De Blasio
"barclays" Discussed on Snacks Daily

Snacks Daily

02:32 min | 11 months ago

"barclays" Discussed on Snacks Daily

"This is Jack and this is snacks daily. It's Friday October twenty fifth feel happy Friday's knackers Nick what he got planned this weekend And I know we do go up I would say fourth fire permitting I'm doing why'd country nap I am doing Stanford University football homecoming game for the record Barclays Bank tried to change that then the Brits started borderline right now let's flip flopping Barclays has the situation we're going to talk about business desert's seconds story today is twitter stock it dropped twenty one percent yesterday after a bad earnings report it's going through a midlife add crisis Jack Dorsey we're here for always our third and final story you know how you wanted one day shipping for Amazon prime full disclosure actually two days was fine for me never asked for this never ask for Jeff anyway Amazon delivered one day for shipping and Jeff bezos kind of had to mortgages house to afford to do it. Yeah this thing's GonNa get expensive now snacker is before we jump into all that gotTa talk about a breakthrough over at Google that is highly complicated get prepared this is the tackiest mathematical story will ever cover on this pot jack and I had you like read six different books just to get through this felt like we're in some like long-lost library trying to figure this thing out Google claimed yesterday in an article in nature scene has achieved a technological breakthrough which is called quantum supremacy you only go to nature magazine with that kind of thing it's big news he oughta nature they have a computer that can perform a mathematical equation that was thought impossible it's GonNa make supercomputers basically look like advocacy's now they machine that Google has bill size of a house and it took just a few minutes to perform a task that would take you know just a regular supercomputer ten thousand years that's Google claims drop into words on this thing quantum supremacy quantum was already a really big word Google Yeah Quantum's are pretty dramatic where did you really need to add supremacy after that feels like an aggressive humble brag when your buddy posted he just got a raise and he's humbled and appreciative that happen exactly for for the record IBM dispute this whole thing there in this computer businesses they're like Google Yeah Hey we're here this is quantum decent nece at best IBM right something that nature magazine I bet they're looking for another one daily.

Google Jack Dorsey Jeff bezos nature magazine Amazon Barclays Barclays Bank IBM Stanford University twitter Nick one day ten thousand years twenty one percent twenty fifth two days
"barclays" Discussed on FT Banking Weekly

FT Banking Weekly

02:52 min | 1 year ago

"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..

Nigel Higgins Barclays Marcus Mr. Bramson Germany Goldman Sachs David Brexit Goldman US Europe Oxy chief executive savings Bank UK
"barclays" Discussed on FT Banking Weekly

FT Banking Weekly

04:56 min | 1 year ago

"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..

Leo Lewis Mr. Nagai Tokyo Lionel baba Europe investment banker Brexit Barclay david FTC Lear Nemea Greg chief executive London Briggs editor Branford
"barclays" Discussed on FT Banking Weekly

FT Banking Weekly

02:58 min | 1 year ago

"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 Barclays Bank Koji Nagai chief executive NoMura Steven Morris London Amir Japan group chief executive Bramson Krivel Tim David I Jeff Staley Europe Bach
"barclays" Discussed on Monocle 24: The Globalist

Monocle 24: The Globalist

02:15 min | 1 year ago

"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 Jeff Staley Brexit CEO Barclays Hedge fund Julian Robertson US UK American investment Bank FTC New York EU CEO Pence
"barclays" Discussed on FT News

FT News

01:34 min | 1 year ago

"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 Qataris Jane Croft Europe Patrick Jenkins Caroline Benham editor six months
"barclays" Discussed on FT News

FT News

02:54 min | 1 year ago

"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 Russia Jenkins Baucus Jane UK British government Hales Qatar Lloyds chairman Scotland Marcus Carolina twenty five million pound three billion dollar million-pound six months
"barclays" Discussed on Ambition Today

Ambition Today

01:59 min | 2 years ago

"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.

new york united states barkley barclays intern leman zeno
"barclays" Discussed on KBNP AM 1410

KBNP AM 1410

01:57 min | 2 years ago

"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.

us barclays lisa governor county ceo bank of england fifteen percent million dollars
"barclays" Discussed on FT Banking Weekly

FT Banking Weekly

01:51 min | 2 years ago

"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.

maurice lee barclays us mortgagebacked securities doj uk mr bramson lexi vang two billion dollar three years
"barclays" Discussed on FT Banking Weekly

FT Banking Weekly

01:42 min | 2 years ago

"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.

us barclays investment bank john varley uk qatar staley mr bramson barclays chief executive forty percent
"barclays" Discussed on FT Banking Weekly

FT Banking Weekly

02:02 min | 2 years ago

"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.

Shen uk lee barclays barclays investment bank thirty billion pounds nine billion pounds twelve percent
"barclays" Discussed on FT Banking Weekly

FT Banking Weekly

02:38 min | 2 years ago

"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.

patrick jenkins uk buckley jonathan guthrie paypal singaporenew caroline bingham laura newnan sherborne qatar investment authority edward bramson martin lex editor hannah murphy barclays two percent five hundred eighty million po
"barclays" Discussed on KBNP AM 1410

KBNP AM 1410

02:21 min | 2 years ago

"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 britain congress twenty six percent sixty percent two years
"barclays" Discussed on WPRO 630AM

WPRO 630AM

01:44 min | 2 years ago

"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.

president barclays hyundai prius tesla washington subway barclays bank new york compaq toyota fivedollar
"barclays" Discussed on FT Banking Weekly

FT Banking Weekly

02:03 min | 2 years ago

"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.

Prime minister barclays laura coma esa uk fraud rockies three billion dollar three hundred million pounds
"barclays" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:56 min | 3 years ago

"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.

brita europe oil company barclays england moody reporter brie two percent twenty five billion dollars