SubscribeAll Posts Tagged With: "barclays"
Barclays Launches No-Reset Leveraged ETNs
Be careful what you wish for. For all the leveraged fund critics that either do not like or do not understand daily (or monthly) reset of leverage and want a vehicle without path-dependent performance, your wish has come true. However, unless you bought them yesterday, you will not be getting the exact 2x or 3x index exposure you desire. You can’t have everything.
Five new ETNs (exchange-traded notes), dubbed ETN+, from Barclays began trading yesterday (11/18/2009). When Barclays sold their iShares business, it appears that all their marketing and product naming people were also part of the deal. Here are the…
21Nov2009 | Invest With An Edge | 0 comments | ContinuedGlobal Investing News: Barclays (BCS), Sun Times Media (SUTM), Apollo Global (APOL) and Google (GOOG)
Consumer Confidence Hovers Near Low; Peru Stock Market Turns a 180; Air Canada Changes Direction; Barclay’s Holding iShares Sale Talks; Mexico Wants $40 Billion from IMF; Second Chicago Paper Goes Bust; Private Equity Firms May Invest in “Toxic†Assets; Google Forms Venture Capital Arm
- U.S. consumer confidence, as measured by the Conference Board’s sentiment index, clocked in at 26.0 in March, up from the upwardly revised 25.3 in February. “Apprehension about the outlook for the economy, the labor market and earnings continues to weigh heavily on consumers’ attitudes,†Lynn Franco, director of the industry group’s Consumer Research Center, told Reuters. “More…
Barclays Attemps to Avoid Government Ownership, Offloads Trillions in Assets
Barclays PLC (ADR: BCS) today (Monday) confirmed that it is trying to sell its iShares unit, and is talking to a handful of potential suitors.
In the same release, U.K.-based Barclays also said it is talking with the Treasury and Financial Securities Authority about possible participation in the government’s Asset Protection Scheme, an insurance program that promises to back bank’s riskiest assets – specifically, those backed by mortgages and loans. But if Barclay’s is able to sell its iShares unit itself the additional costs associated with a government stake.
Barclays’ rivals Royal Bank of Scotland Group PLC (ADR: RBS) and…
17Mar2009 | Money Morning | 0 comments | ContinuedJapan’s Nomura Broadens Horizons With Purchase of Bankrupt Lehman Assets
Nomura Holdings Inc. (ADR: NMR) yesterday (Monday) snapped up bankrupt Lehman Brothers Holdings Inc.’s (OTC: LEHMQ) Asia assets, and is close to inking a deal for its European units as well.
Tokyo-based Nomura will pay $225 million for Lehman’s Asia-Pacific operations. As part of deal, Nomura will take on 3,000 former Lehman employees in the region.
Story continues below…
|
Sign up right now, and we’ll send you an important new report for free: “The Three Best Investments in Asia.” |
“The businesses we are acquiring are hugely successful with excellent management and staff. This is a once-in-a-generation opportunity,” said Nomura Chief Executive Kenichi Watanabe of the deal,…
23Sep2008 | Money Morning | Comments Off | ContinuedGoldman Weathers Storm, Barclays Bargain Hunts
Goldman Sachs Group Inc. (GS) and Barclays PLC (BCS) yesterday (Tuesday) continued to avert the perils posed by the economic catastrophe that has ensnared the financial sector, as the former reported earnings that, again, topped Wall Street estimates and the latter endeavored to pick apart the remains of the languishing Lehman Bros. Holdings Inc. (LEH).
Third-quarter profit at Goldman Sachs fell 70% to $845 million, or $1.81 a share, from $2.85 billion, or $6.13 a share, a year earlier. The three months ended Aug. 29 amounted to the worst quarter for the firm since it went public in 1999, but results still managed…
17Sep2008 | Money Morning | Comments Off | ContinuedE.U. Stocks Slide as ECB Gears Up to Fight Inflation with Higher Rates
European stocks were gutted yesterday (Thursday) as banks took heavy losses in the face of more hawkish inflation comments from European Central Bank (ECB) President Jean-Claude Trichet that put pressure on already struggling financials.
The Dow Jones Stoxx 600 closed down 2.6% to 288.48, the worst finish for the Eurozone index since October 2005. The FTSEurofirst 300 had a 2.5% drop, to close at 1,197.02 points, its largest one-day percentage drop since mid-March, Reuters reported.
Regional indices faired the same, as the Paris-based CAC40, London’s FTSE 100, Madrid’s IBEX 35 and the Frankfurt-based DAX all posted declines.
“Overall, there is unprecedented confusion as investors seek…
29Jun2008 | Money Morning | Comments Off | ContinuedBarclays Gets a $927 Million Jump Start as Japanese Banks Ramp Up Overseas
Barclays PLC (ADR: BCS), the United Kingdom’s fourth-largest bank, may get a $927 million cash infusion from Japan’s Sumitomo Mitsui Financial Group Inc. by the end of the month. The investment, which will be made through the group’s Sumitomo Mitsui Banking Corp. unit, underscores an evolving trend among large Japanese banks that have so far been unaffected by the subprime collapse.
Sumitomo Mitsui, Japan’s second largest bank, has not confirmed the agreement, but its 100 billion yen investment will secure an approximate 2.3% stake in Barclays. Barclays was racked by the housing collapse that started last year and has since dragged…
21Jun2008 | Money Morning | Comments Off | Continued
Loading ...
