Barclays CEO on UBS-CS Deal, Bankers Leaving, Expansion
Vložit
- čas přidán 27. 08. 2024
- Barclays Plc CEO C.S. Venkatakrishnan talks about the merger of UBS and Credit Suisse, investment bankers leaving the firm, commercial real estate and how higher interest rates impact the bank's business. He speaks to Bloomberg's David Westin on the "Wall Street Week" daily segment.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: www.bloomberg.com
Connect with us on...
Twitter: / business
Facebook: / bloombergbusiness
Instagram: www.instagram....
USB-Credit Suisse is now too big an entity for the Swiss to manage in regard to its size relative to the Swiss economy.
The new bank will be split up at some point withing the next 3yrs.
I suggest 5 banks can be extracted from UBS-Credit Suisse. I would also suggest that one of these banks be a state own bank to ensure depositors can flee to safety when one of the other 4 inevitably blows up. At least it will not take down all of Switzerland as it does so.
I am confused by debt capital , debt and capital are surely two different things ?
Capital in this sense is used as a synonym for capitalization, financing, and funding. Similarly how companies can use cash from equity (or just equity), a company can take on debt to finance a project.
Debt capital markets, in investment banking is a division where bankers advise on large debt issuances. The debt market is larger than the stock market for reference.
In my opinion from the way they have treated me over the last year Barclays is discussing bank, no loyalty to its customers, no interest in business’s with investors from overseas. No interest in the elderly who live in the EU. Absolutely a rotten to the core! Pls ensure this CEO knows exactly what customers feel about them!
Barclays is up to its eyeballs with reserves. It has no need for a reserve requirement, most other UK banks do nor since the last 90's. So Barclays does not need depositors. It needs and wants counterparties to facilitate trades in financial markets OTC, it needs buyers and sellers to generate trading fees and it needs institutional investors to buy its research and to trade its investment idea's.
All of this is Barclays fee business. It does not have a strong Wealth Management division like UBS.
So if you are stinking rich go to UBS, you will get the rock star treatment.
Barclays is creepy as fawk. How can you trust Barclays with your money?
Barclays has ripped off thousands of customers. Do business with them at your own risk.
Oman green cards
USA green cards
Wtf that’s the new Barclays CEO???