OMGI: Barclays to see more upside despite fraud charges
Old Mutual Global Investors believes there is “a lot of upside” to come from Barclays shares, despite the Serious Fraud Office charges.
Old Mutual Global Investors believes there is “a lot of upside” to come from Barclays shares, despite the Serious Fraud Office charges.
Investors with Barclays shares will be on high alert this week ahead of an expected announcement from the Serious Fraud Office (SFO) on whether it will raise criminal charges against the bank.
Wisdom Tree has united with Bloomberg Barclays to launch SHAG, an exchange-traded fund (ETF) targeting short-duration US fixed income.
Barclays’ shares were down substantially this morning despite the fact its profits doubled in the first quarter, but the market was more receptive of RBS’s return to profits.
Wealth managers will be keeping a keen eye on the banking sector this week as four of the sector’s biggest players report first-quarter results.
Shares of Barclays are marginally higher this morning in spite of news its chief executive was being reprimanded for his role in a City whistleblower case.
As the world waits for the letter that will initiate Brexit to reach Brussels, there are analysts predicting the pound will rally in the short-term.
Guillermo Felices has joined the Colin Graham-led BNP Paribas Investment Partners’ Multi Asset Solutions team as a senior market strategist.
Old Mutual Global Investors remains positive on the prospects for Barclays, in contrast with the negative market reaction to the bank’s annual results on Thursday.
Shares in Barclays were a fraction of a percent down at 234p by midday on Thursday despite the bank reporting full year profits close to three times the amount recorded the previous year.
The dismantling of Dodd-Frank will give European banks with ties to the United States a competitive advantage and could influence other nations to adopt a more competitive regulatory scheme.
The US Department of Justice is suing the British bank and two of its executives for deliberately selling “defective and misrepresented” mortgage loans during the peak of the housing bubble.