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Barclays plc (BARC)

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Barclays Next Stop: Main Street America? (New York Times (blog)) - 04:45 ET Mar 11, 2010

The trans Atlantic ambitions of Barclays , the British bank, are moving to another level. Barclays became a big player on Wall Street by snapping up Lehman Brothers ' American operations after the firm collapsed in . The revelation that it is interested in buying a United States bank suggests it wants to become a familiar face on America's Main Street, too, according to Breakingviews. 
 
Share:  The trans Atlantic ambitions of <span class="company">Barclays</span> , the British bank, are moving to another level. <span class="company">Barclays</span> became a big player on Wall Street by snapping up Lehman Brothers ' American operations after the firm collapsed in . The revelation that it is interested in buying a United States bank suggests it wants to become a familiar face on America's Main Street, too, according to Breakingviews. Tweet this 

Barclays Has an Appetite for a US Bank (New York Times) - 00:11 ET Mar 11, 2010

President Obama 's proposed levy on banks' wholesale liabilities could reduce Barclays' 2011 net income by 14 percent, according to JPMorgan . Amassing a retail deposit base in the United States could help ensure that further growth is financed by relatively stable customer deposits rather than by short term sources of funds that can dry up. That might also fit better with reforms being examined by the Basel Committee, which sets international banking standards. 
 
Share:  President Obama 's proposed levy on banks' wholesale liabilities could reduce <span class="company">Barclays</span>' 2011 net income by 14 percent, according to JPMorgan . Amassing a retail deposit base in the United States could help ensure that further growth is financed by relatively stable customer deposits rather than by short term sources of funds that can dry up. That might also fit better with reforms being examined by the Basel Committee, which sets international banking standards. Tweet this 

Varley fuels talk of US takeover by Barclays (The Scotsman - Banking) - 19:00 ET Mar 10, 2010

Varley said he wanted to increase the ratio of non UK to UK retail banking business, but "with the emphasis on creating critical mass in markets where we have a greater presence". Barclays has no retail ranch banking business in America, but a strong investment banking arm boosted by the acquisition of Lehman Brothers' US operation amid the financial crash. The UK bank is not believed to be in discussions with any US retail peer about a takeover. Mike Trippitt, analyst at Oriel Securities, said: "It would make sense, and if they do, it would make sense to do it in size. If ever there was a time to do it, this would be it." 
Michael Trippitt
Michael Trippitt
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="analyst">Mike Trippitt</span>, analyst at Oriel Securities, said: "It would make sense, and if they do, it would make sense to do it in size. Tweet this 

Stock News - Barclays (NYSE: BCS), American Eagle (NYSE: AEO), Munich Re (Wall Street Greek) - 17:50 ET Mar 10, 2010

Stock News , Barclays, American Eagle & Munich Re . Today's headline stock news included reports from Barclays Bank, American Eagle Outfitters and Munich Re. . American Eagle Outfitters . American Eagle (NYSE: AEO) jumped 6+% today, after posting an 81% increase in profits. The company benefited from a significant decrease in markdowns versus the distressed prior year. 
Markos Kaminis
Markos Kaminis
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  Stock News , Barclays, American Eagle & Munich Re . Today's headline stock news included reports from <span class="company">Barclays Bank</span>, American Eagle Outfitters and Munich Re. . American Eagle Outfitters . American Eagle (NYSE: AEO) jumped 6+% today, after posting an 81% increase in profits. The company benefited from a significant decrease in markdowns versus the distressed prior year. Tweet this 

British banks need to find billions (Business Day - World) - 14:16 ET Mar 10, 2010

Credit Suisse analysts have estimated UK domestic banks , Lloyds, RBS and Barclays , would have to issue 420 billion to 750 billion pounds in wholesale long term funding over the next three years to maintain existing balance sheets and meet new liquidity regulations. 
 
Share:  <span class="analyst">Credit Suisse</span> analysts have estimated UK domestic banks , Lloyds, RBS and <span class="company">Barclays</span> , would have to issue 420 billion to 750 billion pounds in wholesale long term funding over the next three years to maintain existing balance sheets and meet new liquidity regulations. Tweet this 

Barclays' shareholders warn bank against deal for a US retail bank (Telegraph Banks and Finance) - 13:12 ET Mar 10, 2010

It is hard to identify one that has stood the test of time and added value.". Jonathan Pierce, banking analyst at Barclays' joint house broker Credit Suisse, said he doubted that buying a big US retail bank was high on Barclays' agenda, adding that most of its US assets were in investment banking, which has a different funding structure. Barclays declined to comment 
Jonathan Pierce
Jonathan Pierce
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="analyst">Jonathan Pierce</span>, banking analyst at <span class="company">Barclays</span>' joint house broker Credit Suisse, said he doubted that buying a big US retail bank was high on <span class="company">Barclays</span>' agenda, adding that most of its US assets were in investment banking, which has a different funding structure. Tweet this 

Barclays boosted by US talk as FTSE 100 hits a 21 month high (Guardian - Market Forces Live) - 12:07 ET Mar 10, 2010

Danny Clarke at Shore Capital said:[Such an] acquisition would help rebalance the group's operations away from Barclays Capital, towards its longer term target of around a one third contribution from investment banking operations. 
Danny Clarke
Danny Clarke
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="analyst">Danny Clarke</span> at Shore Capital said:[Such an] acquisition would help rebalance the group's operations away from <span class="company">Barclays Capital</span>, towards its longer term target of around a one third contribution from investment banking operations. Tweet this 

Barclays Faces Reluctant Investors for Possible Deal (Bloomberg) - 12:00 ET Mar 10, 2010

It "might be premature" for Antony Jenkins , the new head of retail banking, to make acquisitions, said Champion. A U. S purchase would make "obvious strategic sense," according to Simon Willis , an analyst at NCB Stockbrokers Ltd. in London who has a "buy" rating on Barclays. 
Simon Willis
Simon Willis
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  A U. S purchase would make "obvious strategic sense," according to <span class="analyst">Simon Willis</span> , an analyst at NCB Stockbrokers Ltd. in London who has a "buy" rating on <span class="company">Barclays</span>. Tweet this 

Barclays Buyout Bingo Buoys Regional Banks (WSJ Blogs - Market Beat) - 11:59 ET Mar 10, 2010

Credit Suisse analysts said in a note that while it makes sense that Barclays wants more deposits, it wouldn't expect a U. S purchase to solve that, particularly since Western Europe and Sub Sahara Africa might present better opportunities. 
 
Share:  <span class="analyst">Credit Suisse</span> analysts said in a note that while it makes sense that <span class="company">Barclays</span> wants more deposits, it wouldn't expect a U. S purchase to solve that, particularly since Western Europe and Sub Sahara Africa might present better opportunities. Tweet this 

Oriel Securities analysts said in a note that a U. S retail bank "would make sense" for Barclays and listed as among the possibilities U. S. Bancorp, PNC Financial Services Group Inc and SunTrust Banks Inc. Shore Capital, a brokerage, also said a deal could be good at the right price and listed the same three banks as likely targets. 
 
Share:  <span class="analyst">Oriel Securities</span> analysts said in a note that a U. S retail bank "would make sense" for <span class="company">Barclays</span> and listed as among the possibilities U. S. Bancorp, PNC Financial Services Group Inc and SunTrust Banks Inc. Shore Capital, a brokerage, also said a deal could be good at the right price and listed the same three banks as likely targets. Tweet this 

Barclays Faces Reluctant Investors for Possible Deal (Update1) (BusinessWeek.com - Investing) - 11:45 ET Mar 10, 2010

"Barclays would require more equity in a difficult regulatory scene," said Champion. It "might be premature" for Antony Jenkins, the new head of retail banking, to make acquisitions, said Champion. A U. S purchase would make "obvious strategic sense," according to Simon Willis, an analyst at NCB Stockbrokers Ltd in London who has a "buy" rating on Barclays. 
Simon Willis
Simon Willis
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  A U. S purchase would make "obvious strategic sense," according to <span class="analyst">Simon Willis</span>, an analyst at NCB Stockbrokers Ltd in London who has a "buy" rating on <span class="company">Barclays</span>. Tweet this 

Barclays seen on lookout for U.S. bank (Euro Investor) - 09:43 ET Mar 10, 2010

It is not in talks with any U. S banks and no deals are imminent, the WSJ said, citing people close to the matter. Barclays declined to comment."It would make sense, and if they do, it would make sense to do it in size," said Mike Trippitt, analyst at Oriel Securities. "If ever there was a time to do it, this would be it." 
Michael Trippitt
Michael Trippitt
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  would make sense, and if they do, it would make sense to do it in size," said <span class="analyst">Mike Trippitt</span>, analyst at Oriel Securities. Tweet this 

Barclays bought Lehman Brothers' North American operations in 2008, significantly bulking up BarCap in the country."Coming on the back of a successful Lehmans deal and Barclays managing its way pretty well through the crisis, now is the right time to be contemplating the next deal," said Simon Willis, analyst at NCB Stockbrokers. 
Simon Willis
Simon Willis
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="company">Barclays</span> bought Lehman Brothers' North American operations in 2008, significantly bulking up BarCap in the country."Coming on the back of a successful Lehmans deal and <span class="company">Barclays</span> managing its way pretty well through the crisis, now is the right time to be contemplating the next deal," said <span class="analyst">Simon Willis</span>, analyst at NCB Stockbrokers. Tweet this 

Two Ways to Play: Barclays on the Prowl (Minyanville) - Mar 10, 2010

More by Terry Woo Two Ways to Play: Barclays on the Prowl Two Ways to Play: Speculation Is High in Cisco Two Ways to Play: Stronger Hints That China Will End Dollar Peg Buzz on the Street: S&P Climbs Wall of Worry Two Ways to Play: Return of the US Consumer?. What's the Buzz? . 30 top traders on these stocks and more. 
 
Share:  More by Terry Woo Two Ways to Play: <span class="company">Barclays</span> on the Prowl Two Ways to Play: Speculation Is High in Cisco Two Ways to Play: Stronger Hints That China Will End Dollar Peg Buzz on the Street: S&P Climbs Wall of Worry Two Ways to Play: Return of the US Consumer?. What's the Buzz? . 30 top traders on these stocks and more. Tweet this 

Barclays seen on lookout for U.S. bank deal (Reuters Business News) - Mar 10, 2010

It is not in talks with any U. S banks and no deals are imminent, the WSJ said, citing people close to the matter. Barclays declined to comment. "It would make sense, and if they do, it would make sense to do it in size," said Mike Trippitt, analyst at Oriel Securities. "If ever there was a time to do it, this would be it." 
Michael Trippitt
Michael Trippitt
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "It would make sense, and if they do, it would make sense to do it in size," said <span class="analyst">Mike Trippitt</span>, analyst at Oriel Securities. Tweet this 

Barclays bought Lehman Brothers' North American operations in 2008, significantly bulking up BarCap in the country. "Coming on the back of a successful Lehmans deal and Barclays managing its way pretty well through the crisis, now is the right time to be contemplating the next deal," said Simon Willis, analyst at NCB Stockbrokers. 
Simon Willis
Simon Willis
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "Coming on the back of a successful Lehmans deal and <span class="company">Barclays</span> managing its way pretty well through the crisis, now is the right time to be contemplating the next deal," said <span class="analyst">Simon Willis</span>, analyst at NCB Stockbrokers. Tweet this 

Barclays Faces 'Reluctant' Investors for Possible US Purchase (BusinessWeek) - Mar 10, 2010

"Barclays would require more equity in a difficult regulatory scene," said Champion. It "might be premature" for Antony Jenkins, the new head of retail banking, to make acquisitions, said Champion. A U. S purchase would make "obvious strategic sense," according to Simon Willis, an analyst at NCB Stockbrokers Ltd in London who has a "buy" rating on Barclays. 
Simon Willis
Simon Willis
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  A U. S purchase would make "obvious strategic sense," according to <span class="analyst">Simon Willis</span>, an analyst at NCB Stockbrokers Ltd in London who has a "buy" rating on <span class="company">Barclays</span>. Tweet this 

Barclays Shares Fall on Reports It Wants to Buy US Bank (CNBC Europe Top News) - Mar 10, 2010

The bank is not in talks with any U. S banks and no deals are imminent, it said, citing people close to the matter. Barclays declined to comment. Its shares were down 1.1 percent at 342 pence at 1000 GMT to value the business at 41 billion pounds ($61 billion), versus a flat FTSE 100 index. "It would make sense, and if they do, it would make sense to do it in size," said Mike Trippitt, analyst at Oriel Securities. "If ever there was a time to do it, this would be it." 
Michael Trippitt
Michael Trippitt
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "It would make sense, and if they do, it would make sense to do it in size," said <span class="analyst">Mike Trippitt</span>, analyst at Oriel Securities. Tweet this 

Barclays shares dip on US bank buy reports (Reuters) - Mar 10, 2010

The bank is not in talks with any U. S banks and no deals are imminent, it said, citing people close to the matter. Barclays declined to comment. Its shares were down 1.1 percent at 342 pence at 1000 GMT to value the business at 41 billion pounds ($61 billion), versus a flat FTSE 100 index. "It would make sense, and if they do, it would make sense to do it in size," said Mike Trippitt, analyst at Oriel Securities. "If ever there was a time to do it, this would be it." 
Michael Trippitt
Michael Trippitt
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  "It would make sense, and if they do, it would make sense to do it in size," said <span class="analyst">Mike Trippitt</span>, analyst at Oriel Securities. Tweet this 

Barclays dips on US acquisition talk (Guardian - Market Forces Live) - Mar 10, 2010

Banks are mostly edging higher at the moment but an exception is Barclays on talk it is interested in a US acquisition.Barclays shares have dipped 2.7p to 343.1p after reports it is eyeing a US retail operation to help diversify away from its booming investment banking business. Danny Clarke at Shore Capital commented:The acquisition would help rebalance the group's operations away from Barclays Capital, towards its longer term target of around one third contribution from Investment Banking operations. Recent acquisitions of US Retail operations by UK Banks (notably, the acquisition of Household International by HSBC) have had somewhat mixed success 
Danny Clarke
Danny Clarke
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  <span class="analyst">Danny Clarke</span> at Shore Capital commented:The acquisition would help rebalance the group's operations away from <span class="company">Barclays</span> Capital, towards its longer term target of around one third contribution from Investment Banking operations. Tweet this 

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