DonCorleone77
Posted - 16 hours ago
$BCS Barclays announces disposal of Italian mortgage portfolio In a notice to the London Stock Exchange, Barclays PLC announces a transaction under which Barclays Bank Ireland PLC intends to dispose of its performing Italian mortgage portfolio. "The transaction is expected to be financed via a securitisation. Funds and accounts managed by GoldenTree Asset Management LP have entered into a commitment letter under which they will purchase certain notes to be issued by a newly incorporated entity, Miltonia Mortgage Finance S.r.l. ("Miltonia"), to which the Portfolio is expected to be transferred. Upon completion, the Barclays group will hold the most senior class of notes to be issued by Miltonia in addition to the percentage of notes it is required to retain to comply with its regulatory risk retention obligations. The transaction values the Portfolio at approximately EUR 3.3 billion: as a result of the proposed securitisation, Barclays will receive cash proceeds of approximately EUR 400 million, including a small deferred consideration element paid from cashflow generated from the Portfolio, in addition to the most senior class of notes referred to above. The consideration will be used for general corporate purposes. Subject to satisfaction of certain conditions and finalisation of the transaction documentation, settlement of the consideration and completion of the sale is expected to occur during Q2 2024. Upon completion, the Portfolio will continue to be serviced by Barclays Europe for a transitional period. At the end of this period, it is intended that servicing of the Portfolio will be transferred to a third-party long-term servicer. The gross asset value of the Portfolio is expected to be approximately EUR 3.5 billion at completion, and the Portfolio generated a pre-tax loss of EUR (20) million in the year to 31 December 2023. As previously disclosed during the Barclays investor update in February 2024, the transaction is in line with Barclays' ambition to simplify Barclays and support its focus on growing its key businesses. The transaction is not expected to impact the planned financial distributions of Barclays. The transaction is expected to generate a pre-tax loss of approximately EUR (260) million1 for the year to 31 December 2024, and release approximately EUR 0.9 billion of risk-weighted assets at completion. The Portfolio represents the majority of Barclays' overall Italian retail mortgage book and the transaction is expected to be broadly neutral to Barclays' CET1 ratio. Barclays will provide a further update in due course, as appropriate. In addition, Barclays is in discussion with certain third parties in respect of the potential disposal of the remaining non-performing and Swiss-Franc linked Italian retail mortgage portfolios. Should such transactions occur, they are together expected to generate a small pre-tax loss on completion, but also be broadly neutral to Barclays' CET1 ratio," the notice stated.
EWavePlayer
Posted - 5 days ago
$BCS Financials- If not now, when... $GS $MS $BAC $JPM
11thestate
Posted - 1 week ago
‼️ $BCS fined $700K by FINRA over alleged conflicts of interest reported by its research analysts.
Ro_Patel
Posted - 1 week ago
$SOUN enters into an agreement w/ $C $BCS & Wedbush securities for an at-the-market equity program, through which it can sell up to $150M of stock from time to time
NumberWang
Posted - 1 week ago
$BCS adding to winner.
Contrarian_Dan
Posted - 1 week ago
$BCS
Broview
Posted - 2 weeks ago
$BCS UK banks undervalued?
NumberWang
Posted - 2 weeks ago
$BCS just beautiful.
Stock_Titan
Posted - 3 weeks ago
$BCS $WIL Barclays Bank PLC Updates Announcement of 16 Cash Tender Offers and Consent Solicitations
https://www.stocktitan.net/news/BCS/barclays-bank-plc-updates-announcement-of-16-cash-tender-offers-and-u3gkvu0b7242.html
NWSUN
Posted - 3 weeks ago
$BCS today’s dividend payment day. With dividend reinvestment, I thought the volume should be much higher, which is not the case.
NumberWang
Posted - 3 weeks ago
$BCS just beautiful.
11thestate
Posted - 3 weeks ago
$BCS is currently under investigation for not disclosing more quickly that it had exceeded the number of VIX Short-Term Futures ETN ($VXX) that it had permission to sell violated federal securities law More Details:https://11thestate.com/cases/vxx-short-squeeze-case
NumberWang
Posted - 3 weeks ago
Boring $dis $deo $hsy $bcs ira doing quite well, tyvm.
My “swing” account…
TeoLaflare
Posted - 3 weeks ago
@YoLoApes yeah probably last Thursday 🍿 Blackrock and Vanguard love popcorn apparently $NYCB $BCS $JPM
Stock_Titan
Posted - 3 weeks ago
$BCS AGL Credit Management announces the launch of AGL Private Credit Platform and exclusive Cooperation Agreement with Barclays
https://www.stocktitan.net/news/BCS/agl-credit-management-announces-the-launch-of-agl-private-credit-qh4s9boe7bry.html
Ro_Patel
Posted - 03/28/24
$AMC has $C $BCS $RILY & $GS to conduct an "at-the-market" offering to potentially raise $250M The firms will sell AMC's Class A common shares with a par value of $0.01 per share from time to time based on the company's instructions and may receive compensation of up to 2.5% of the gross sales price AMC expects to use the net proceeds from the offering to repay or refinance debts, meet general corporate needs, and address liquidity challenges from low box office performance in 1Q24, driven partly by industry strikes in 2023.
NumberWang
Posted - 03/28/24
last tranche of $BCS bought in IRA
Stock_Titan
Posted - 03/27/24
$BCS Barclays to Become the Official Banking Partner of WNBA’s New York Liberty
https://www.stocktitan.net/news/BCS/barclays-to-become-the-official-banking-partner-of-wnba-s-new-york-lfx2vqpho3no.html
Stan_Vick
Posted - 1 month ago
For $VIX lovers. The initial investor complaint in S.D.NY filed vs. $BCS over halting the $VXX issuance in 2022 which led to short squeeze and investor losses => https://11thestate.com/cases/vxx-short-squeeze-case
Stock_Titan
Posted - 1 month ago
$BCS $WIL Barclays Bank PLC Increases Purchase Price of Certain Cash Tender Offers and Consent Solicitations
https://www.stocktitan.net/news/BCS/barclays-bank-plc-increases-purchase-price-of-certain-cash-tender-duhyq66xolhv.html
ShirleyStallworth929
Posted - 1 month ago
$BCS R&D breakthroughs in uranium extraction could put STLNF ahead. Eye on the prize!
NumberWang
Posted - 1 month ago
$BCS first add to IRA
NumberWang
Posted - 1 month ago
$BCS
Market Cap: 35B
Price/Sales: 1.485
Forward PE: 5.25
Profit Margin: 0.224
Operating Margin: 0.186
#WatchList
11thestate
Posted - 1 month ago
🎯 JUST IN: $BCS and top execs sued in NY federal court over $17B overissuance of securities, including notes linked to volatility index futures.
ca_rott1487
Posted - 1 month ago
$BCS got sued over their CEO's close relationship with Jeffrey Epstein! Will it go somewhere? https://11thestate.com/cases/barclaysplc-investor-lawsuit
Stock_Titan
Posted - 1 month ago
$BCS $WIL Barclays Bank PLC Updates Announcement of 24 Cash Tender Offers and Consent Solicitations
https://www.stocktitan.net/news/BCS/barclays-bank-plc-updates-announcement-of-24-cash-tender-offers-and-dekn0vhqu8m8.html
