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Breakingviews: Barclays leverage risk

Thursday, October 30, 2014 - 02:58

Barclays' Q3 results beat expectations, but the company’s revamp hinges on UK regulators not fast-tracking leverage targets, says Breakingviews' George Hay.

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Plus he's keeping expectations game with a Q3 results gaining NASA George K from breaking v.s total about this has been writing extensively about the art Kris. I'm a bit more about the landing incident what is B and analysts this morning said. And this is very much about but these transition from the investment banking side to warts retail banking. Thus I mean you can see in the numbers and the investment bank has them pretty badly. The they've ruled for the refugees crops but advisory. Faith and it constraining him up pretty badly. Worse than listening comparisons but I Iceland's hardy surprising because well he said he made that they would effectively. Basically call things hopefully dating in the investment bank space say it it's already surprising that you know get people leaving. And I mean mended that they're kind of saying to us that sentences that there's a sabbatical to I mean that's how. Have to have some effect. Say do vessels dale may have been the kidneys to miss this elsewhere in the bank. Dale doing fairly well certainly well enough to be consensus on an April level so they'll be peace and a. We just speaking to Michael Hewson from CNC on affronted so is he says the key concern of investors that. You can't regulate his. Yeah if there minimum requirement in this is the leverage ratio of more than the Europeans tomorrow and this might force Barclays to have to raise capital and and let's be honest isn't really difficult time for any bank to raise half. So why exactly I mean currency Jenkins advocacy he thinks if he'll have his oval since these days okay because dossier. Exactly what we are worried that might happen tomorrow if it happens and when NAB retail regulars that regulates it says live your leverage ratios team. And you have to be up here. And you have to be they have in double quick time and realize we killed. The Senate's pace fast. But. I'm actually dived full of guys will happen tomorrow I. Faces amid the main reason is that bulky the would be houses houses planned. That they would feel scared today it thinks he can get its leverage ratio to. Floyd 4% by AM 2060s. So as long as than the regular says he needs be a fool. By that saw him or even late then they'll be fine in the boys need to raise capital. They leave a big risk that you're leading to is this actually they say they do exactly what it is Lothian says. Say what needs it and by the middle and CA. If you take off the time to throw that's a big problem for them. Gotcha thank you Emmitt says George K from about breaking these that talking about Buffy and the consents. Out there surrounding the stop for investors financing all this is what is.

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Breakingviews: Barclays leverage risk

Thursday, October 30, 2014 - 02:58