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’Diamond set for iShares windfall
Posted by Gwen Robinson on Mar 25 04:27. Comment.Bob Diamond, the high-profile president of Barclays, is among key executives who stand to make millions of pounds if the bank sells iShares, its asset management business which is part of Barclays Global Investors, More…
The 99% salary cut
Posted by Paul Murphy on Mar 24 16:38. Comment.Diamante Bob, of course.
Barclays president Robert E Diamond has seen his total direct remuneration fall from £21.1m in 2007 to £250,000 for 2008.
There’s no annual cash bonus. No deferred share award. More…
Presenting the Barclays annual report 2008
Posted by Neil Hume on Mar 24 16:18. Comment.The Barclays annual report is out, and the full text is available here.
FT Alphaville has not had time to wade through all 330 pages (yet) but Jonathan Pierce has had a quick skim through the document. More…
A slow motion implosion at Barclays
Posted by Paul Murphy on Mar 17 09:19. Comment.A naive market reaction, in our view, to news that Barclays is now subject to a full blown governmental investigation into its tax avoidance activities: shares down 3.1p at 87.8p during early trade on Tuesday. More…
An audience with Bob Diamond
Posted by Neil Hume on Jan 27 08:27. Comment.Unlike his letter writing superiors, Robert Diamond, Barclays President and Chief Executive, Investment Banking & Investment Management, prefers a more personal touch when it comes to dealing with the market. More…
Barclays bends (a bit)
Posted by Paul Murphy on Nov 18 09:21. Comment.This is radical. This is personal sacrifice. This is the executive team at Barclays belatedly waking up to the fact that a very public humiliation awaited John Varley and Bob Diamond in particular on November 24, More…
Barclays’ capital raising – the real cost of Bob Diamond
Posted by Paul Murphy on Oct 31 08:39. Comment.Consider the headline terms of Barclays’ move to raise up to £7.3bn:
£3bn of paper issued is being issued to Qatar and Abu Dhabi – paying a coupon of 14 per cent over a fixed term running to 2019, More…
BarCap pursues Lehman talent
Posted by Gwen Robinson on Sep 29 05:24. Comment.Bob Diamond, chief executive of Barclays Capital, this week launched a concerted push to entice some of Lehman Brothers’ star investment bankers in Europe to join his firm. Diamond personally called five key Lehman bankers, More…
Gosh, Bob D moves fast
Posted by Stacy-Marie Ishmael on Sep 23 15:56. Comment.Via Dealbreaker and Tony Tassell:
BARC/LEH snaps… white knight?
Posted by Sam Jones on Sep 16 08:27. Comment.Just across from Reuters:
08:13 RTRS – BARCLAYS TALKS WITH LEHMAN INCLUDE CORE U.S. EQUITY, FIXED INCOME, FX, M&A ADVISORY BUSINESSES – SOURCE
08:13 RTRS – BARCLAYS TALKS WITH LEHMAN DO NOT INCLUDE ASSET MANAGEMENT, More…
The John and Bob show
Posted by Paul Murphy on Jun 26 08:58. Comment.There was a broadly positive response from the commentariat on Thursday to Barclays’ £4.5bn ‘partially firm’ share placing. With the shares yielding 11 per cent – and with a promise of cash – the bank looks a roaring buy, More…
BarCap hires team from Bear
Posted by Gwen Robinson on Jun 12 05:21. Comment.Barclays Capital has hired a team of healthcare investment bankers from Bear Stearns, the defunct investment bank that is now part of JPMorgan Chase. The move continues an exodus of talent from Bear that also saw a pair of senior credit bankers leave for the hedge fund Tudor Investment Corp. More…
The Bob Diamond Bank, incorporating Barclays
Posted by Paul Murphy on May 20 09:30. Comment.Crunched balance sheets, wafer thin capital, toxic MBS – it’s all so Q1 2008 at Barclays Capital, according to the tone and substance of recent reports.
Here’s a summation of a Telegraph story on Tuesday: More…
Diamond’s £21m year sparkles at Barclays
Posted by Gwen Robinson on Mar 27 05:27. Comment.Barclays paid £21m last year to Bob Diamond, its president, according to its annual report. The bank, which failed to win the bid battle for ABN Amro and has seen its shares drop from 746p last year to below 445p, More…
Barclays’ top team goes transatlantic
Posted by Gwen Robinson on Mar 14 05:21. Comment.Bob Diamond, president of Barclays is planning to split his base of operations between New York and London, a move that would much of Barclays Capital’s senior team in the US, reports the WSJ. Diamond, More…
Diamond’s payout reportedly intact at BarCap, despite the crunch
Posted by Paul Murphy on Jan 08 09:25. Comment.Might the Wall Street fashion for skipping bonuses as penance for subprime losses spread to US financiers operating out of London?
Not if they are Bob Diamond, it seems.
The BarCap boss is on track to receive a salary top up of at least £14.8m for 2007, More…
Bob’s lunchbox now includes a BarCap profit forecast, apparently
Posted by Paul Murphy on Oct 23 15:36. Comment.Hold the port! No Kummel for that man. Straight to coffees please – and the bill. This news is actionable (in a market sense). Whether it’s an “up” or a “down” story, we are not so sure.
Bob Diamond, indefatigable boss of Barclays’ synthetic finance factory, More…
More comforting words from Barclays
Posted by Helen Thomas on Oct 12 15:14. Comment.Barclays is alright. Do you hear them? They are A-okay; fine and dandy; ticking over. Houston – there is NOT a problem.
The UK bank on Friday chose to reiterate its message once again, with an unscheduled trading statement to the effect that BarCap, More…
The battle for ABN: Does Diamond know something we don’t?
Posted by Gwen Robinson on Sep 11 08:22. Comment.What is Bob Diamond playing at, and does he know something we don’t? On Monday in New York, even as he tried to talk up the performance of Barclays’ investment banking arm so far this year, he told investors that the UK bank’s cash-and-shares offer for ABN Ambro was likely to be beaten by the rival mostly-cash €70bn (£48bn) bid by a Royal Bank of Scotland-led consortium – unless, More…
Barclays admits RBS may win ABN bid
Posted by Gwen Robinson on Sep 11 05:45. Comment.Barclays’ investment banking arm made a profit in August despite being forced to write down the value of assets hit by the market turmoil, Bob Diamond, the UK bank’s president, said Monday. Speaking to investors in New York, More…
Diamond nuggets
Posted by Paul Murphy on Aug 24 10:51. Comment.Barclays Capital boss Bob Diamond has made a timely appearance in FT.com’s View from the Top video slot. Here’s are some snaps from Chrystia Freeland’s interview relevant to the subprime/CDO crisis:
This is not a credit crisis, More…
… As top bankers try to calm markets
Posted by Gwen Robinson on Aug 03 05:47. Comment.Leading bankers on Thursday moved to calm markets, while admitting that the US subprime fallout could delay private equity deals for several months. Shares in top European and US banks have slumped amid estimates they have underwritten loans worth $300bn to finance deals not yet completed. More…
Barclays ups stakes in battle for ABN
Posted by Gwen Robinson on Jun 19 05:42. Comment.Bob Diamond, president of Barclays, has raised the stakes in the battle for control of ABN Amro by challenging claims that Royal Bank of Scotland would be able to extract more value from the Dutch lender’s investment banking operations. More…
RAB Capital boss, second best paid executive, donates £4.6m
Posted by Gwen Robinson on Apr 16 05:27. Comment.Philip Richards, co-founder of Aim-listed hedge fund manager RAB Capital, was the second best paid executive of a listed company last year, as his salary and bonus more than doubled to almost £19m. Mr Richards, More…
Diamond strikes gold with £22m take-home pay from Barclays
Posted by Gwen Robinson on Mar 27 05:40. Comment.Bob Diamond, president of Barclays, has amassed shares in the UK’s third-largest bank worth more than £68m and took home more than £22m last year, including a £10.4m performance bonus. The American investment banker, More…
More of the same from BarCap, but even the parent is perking up
Posted by Helen Thomas on Feb 20 08:28. Comment.As Barclays Capital, under the stewardship of Bob Diamond, continued to roar ahead, parent Barclays was on Tuesday finally able to report signs of improvement in areas of its business that have not enjoyed such a stellar performance in the UK bank’s recent history. More…