Barclays is expected to enlist its auditor
(PwC) to provide more than just ‘words’ in an effort to reassure the market
still concerned about the impact of the sub-prime crisis after Citigroup, Morgan
Stanley and Merrill Lynch between them reported losses of more than £10 billion
on sub-prime mortgages and financial instruments.
TimesOnline today quotes an Barclay ‘insider’ who said that the bank was
‘aware of what the markets are interested in . . . We have always been at the
transparent end of the spectrum’.
president, issued a statement today ahead of its eagerly awaited trading
update, scheduled for November 27, saying ‘year to date performance through
September at Barclays Capital, Barclays Global Investors and Barclays Wealth was
strong with income and profits well ahead of last year’.
‘At Barclays Capital, September profits were substantially ahead of July and
August. I continue to expect profitable trading for the rest of 2007,’ he said.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements