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’A little Protium light
Posted by Joseph Cotterill on Apr 28 16:56. Comment.For no reason other than to have it out in the open somewhere -presenting the financial filings of C12 Capital Management LLP:
It’s controlled by C12 Capital Management Holding Ltd – as in the guardians of Protium, More…
Protium’s acid reflux [updated]
Posted by Neil Hume on Apr 28 10:18. Comment.Plenty of column inches on Thursday are devoted to the wind up of Protium, the Cayman Islands-based vehicle created by Barclays to warehouse a portfolio of highly toxic credit market assets.
According to the FT, More…
Protium’s coming home
Posted by Joseph Cotterill on Apr 27 09:39. Comment.Eighteen months, $6.39bn of toxic assets, a $12bn loan and a pandaemonium of accounting shenanigans later…
…We’ll ask again, what exactly was the point?
Protium is coming home. That’ll be the arm’s-length accounting trick to shift rubbish assets away from Barclays’ trading book in late 2009 into an independently run, More…
More Protium indigestion at Barclays
Posted by Tracy Alloway on Mar 15 10:35. Comment.Protium (Pantoprazole) is used to treat or prevent indigestion — A feeling of discomfort or pain within the lower chest or abdomen caused by gastric acid irritation within the upper part of the gut namely the oesophagus, More…
Protium-powered no longer at Barclays
Posted by Tracy Alloway on Feb 15 12:16. Comment.Barclays has been burned by monolines. Again.
Some particle finance from Tuesday’s 2010 results announcement:
This time, however, the death of the financial guarantors might be slightly more uncomfortable for the British bank. More…
Next up for Barclays – a bad bank?
Posted by Tracy Alloway on Jan 10 11:20. Comment.Here’s a brave call from UBS bank analysts on Monday.
They reckon Barclays could be moving towards a restructuring — that is, shedding some of its “value destroying” pre-crisis assets and refining its business ops in an effort to avoid a Basel III-induced earnings drag and boost pay-offs to shareholders. More…
Barclays’ Protium-purified balance sheet
Posted by Tracy Alloway on Nov 10 08:10. Comment.Want to know what Protium — the $12bn credit asset sale announced by Barclays back in September — was really for?
Out today: Barclays’ third-quarter 2009 Interim Management Statement.
And boy, did Protium have an impact. More…
Analysts query Barclays assets sale
Posted by Gwen Robinson on Sep 18 04:39. Comment.“Curious” and “largely cosmetic” were two of the opinions among analysts on Thursday as they sought to explain Barclays’ decision to sell more than $12.3bn of risky credit assets to a new company. More…
Barclays creates $12bn credit vehicle
Posted by Gwen Robinson on Sep 17 04:56. Comment.Barclays has unveiled a plan to sell more than $12bn of risky credit assets to a company it has created to reduce the risk of further writedowns, reports the FT. Protium Finance, a partnership of so-far undisclosed investors, More…
Toxic assets? Barclays don’t know what you are talking about
Posted by Paul Murphy on Sep 16 15:23. Comment.de⋅rec⋅og⋅nize [dee-rek-uhg-nahyz] –verb (used with object), -nized, -niz⋅ing.
To withdraw diplomatic recognition from: to derecognize a foreign government.
Barclays on Wednesday unveiled plans to shift a cool $12.3bn of credit assets insured by monolines, More…