Gefunden bei telegraph.co.uk:
Barclays hit by funding rumour
Posted by Ben Bland on 02 Nov 2007 at 10:37
Tags: banks, Bank of England, Barclays, credit crunch, Bob Diamond, John Varley
Barclays shares fell by 7pc to a two-year low this morning on the back of rumours that it had been forced to seek emergency funding from the Bank of England.
According to the news wires, neither Barclays or the Bank of England wanted to comment on the speculation.
12:20 UPDATE: Barclays' external PR agency have just been on the phone, pointing out that the Bank of England has said it did not make any emergency loans to banks at its penalty rate yesterday.
“Barclays is rumoured to have gone to the Bank of England for some funding,” Mamoun Tazi, an analyst at MF Global Securities told Bloomberg. “My guess it that it's very unlikely, but never say never.”
With a lot of negative sentiment surrounding Barclays, there are other rumours doing the rounds, including talk of the bank guiding down analyst forecasts and speculation of a bust up between group chief exec John Varley and Bob Diamond, who heads up Barclays Capital, its investment banking division.
Despite the ongoing market turbulence, Diamond has been very bullish about the prospects for BarCap - predicting at the start of August that the credit markets would be back to normal within 2-3 months. (We’re still waiting…)
The Sunday Telegraph’s Iain Dey spoke to Diamond in September.
Barclays shares are currently down 5pc at 542.5p. All the UK banking stocks are in the red amid concerns about how the ongoing credit market woes.
Posted by Ben Bland on 02 Nov 2007 at 10:37
