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Barclays Vows To Stop Financing Oil Sands Projects

February 16, 2023

Barclays Vows To Stop Financing Oil Sands Projects Barclays on Wednesday said it would no longer provide financing to oil sands companies or oil sands projects and tightened conditions for thermal coal lending in an updated policy, which fell short of announcing overall pledges or targets in funding oil and gas. In the annual report for 2022 […]

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“There Are Going To Be Shocks” – Barclays CEO Warns Another Financial Crisis Is Likely

January 25, 2019

“There Are Going To Be Shocks” – Barclays CEO Warns Another Financial Crisis Is Likely Barclays CEO Jes Staley took a few days off from his battle to save Europe’s last functional global investment bank to travel to Davos this week, where he participated in a handful of interviews with Bloomberg and CNBC, and offered an interesting – […]

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Multiple Online Banking Systems Go Down in the UK

September 22, 2018

Multiple Online Banking Systems Go Down in the UK Payment chaos: For bottom-line-obsessed bank executives, IT systems are an expense to be slashed. The results are in. Internet banking has become a crisis-prone business in the UK, as the online platforms of big banks suffer regular outages and other forms of IT disruption. Friday morning, […]

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Say Goodbye To Cheap Oil… For Now

September 5, 2018

Say Goodbye To Cheap Oil… For Now Oil prices will be much higher over the next few years than previously thought, according to a new report from Barclays. The investment bank significantly raised its pricing forecast for 2020 and 2025 in its annual medium-term oil report. Barclays expects Brent to average $75 per barrel in […]

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The Bullish And Bearish Case For Oil

The Bullish And Bearish Case For Oil Oil prices could rise due to the “perfect storm of stagnant supply, geopolitical risk, and a harsh winter,” according to an April 12 note from Barclays. Geopolitical events specifically could help keep Brent above $70 through April and May, which comes on the back of a substantial decline […]

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Another Big British Bank Lands in Deep Trouble

February 14, 2018

Another Big British Bank Lands in Deep Trouble Barclays faces a criminal trial in the UK. Last week it was RBS. Now, it’s the UK’s second-largest bank Barclays’ turn to face the music. A week ago, it was the UK’s third-largest bank, state-owned Royal Bank of Scotland, that faced one of its biggest scandal yet after whistle-blowers […]

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Barclays Server Crash Leaves Customers Unble To Withdraw Cash, Use Debit Cards

February 25, 2017

Barclays Server Crash Leaves Customers Unble To Withdraw Cash, Use Debit Cards Having managed to stem its recent earnings rout, reporting a Q4 rebound in income from continuing operations which rose to £380 million after reporting a loss of £2.24 billion a year ago, UK’s Barclays is facing a more traditional problem: on Saturday Barclays […]

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Mobs of Angry Investors Fight Market Rigging, Maul Deutsche Bank in Class-Action Lawsuit, other Banks Next

Mobs of Angry Investors Fight Market Rigging, Maul Deutsche Bank in Class-Action Lawsuit, other Banks Next Since none of the criminal bankers responsible end up in prison… Prior to last week, Deutsche Bank made headlines for a string of huge losses and massive exposure to risky derivatives. The last time the firm’s shares traded at […]

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Will The Fed Follow The BoJ Down The NIRP Rabbit Hole?

Will The Fed Follow The BoJ Down The NIRP Rabbit Hole? On Monday, in “JPM Looks At Draghi’s ‘Package,’ Finds It ‘Solid’ But Underwhelming,” we noted that according to Mislav Matejka, investors would do well to fade the ECB’s latest attempt to jumpstart inflation, growth, and of course asset prices with Draghi’s version of a […]

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Kuroda’s NIRP Backlash – Japanese Interbank Lending Crashes

February 28, 2016

Kuroda’s NIRP Backlash – Japanese Interbank Lending Crashes Not only has the Yen strengthened and stocks collapsed since BoJ’s Kuroda descended into NIRP lunacy but, in a dramatic shift that threatens the entire transmission mechanism of negative-rate stimulus, Japanese banks (whether fearing counterparty risk or already over-burdened) have almost entirely stopped lending to one another. Confusion reigns everywhere […]

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In Venezuela, “Savage Suffering” Takes Hold Amid Frightening “Food Emergency”

February 13, 2016

In Venezuela, “Savage Suffering” Takes Hold Amid Frightening “Food Emergency” Venezuelan President Nicolas Maduro has been working on some “measures.” “Now that the economic emergency decree has validity, in the next few days I will activate a series of measures I had been working on,” he said Thursday, in a televised statement meant to address a […]

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Canada Set To Unleash Negative Rates As Oil Patch Dies, Depression Deepens

January 19, 2016

Canada Set To Unleash Negative Rates As Oil Patch Dies, Depression Deepens This Wednesday, the Bank of Canada has a decision to make. Canada’s oil “dream” is dying thanks to the inexorable slide in crude prices and as the IEA made clear earlier today, the pain is set to persist for the foreseeable future as the world […]

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What Just Happened With OIL?

January 17, 2016

What Just Happened With OIL? Yesterday, we reported exclusively how the Dallas Fed is pulling strings behind the scenes to conceal the fallout from the oil market crash. As Dark-Bid.com’s Daniel Drew notes, by suspending mark-to-market on energy loans and distorting the accounting, they are postponing the inevitable as long as possible. The current situation is eerily reminiscent to the […]

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“There Are No More Dollars In The Central Bank”: Argentina’s New President Confronts Liquidity Crisis

November 25, 2015

“There Are No More Dollars In The Central Bank”: Argentina’s New President Confronts Liquidity Crisis On Monday, Mauricio Macri, the son of Italian-born construction tycoon Francesco Macri, beat out Cristina Kirchner’s handpicked successor Daniel Scioli for Argentina’s presidency in what amounted to a referendum on 12 years of Peronist rule. A legacy of defaults combined with exceptionally […]

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Did Mario Draghi Just Leak The Bazooka? Two-Tiered NIRP System May Presage Big Rate Cut

November 25, 2015

Did Mario Draghi Just Leak The Bazooka? Two-Tiered NIRP System May Presage Big Rate Cut Back in September (and on several subsequent occasions), we discussed the implications of a further cut to the ECB’s depo rate. A plunge further into NIRP-dom would have serious consequences for the Riksbank, the SNB, the Nationalbank, and the Norges Bank. In […]

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