Barclays – bad time to take holidays!
Barclays are coming under considerable scrutiny as a result of two unrelated sets of circumstances. Nerves are frayed amongst bankers, even the big ones! FT.com / Companies / Financial services – Anxious market catches Barclays short of £1.6bn The trigger for the crisis of confidence was the unexpected resignation two weeks ago of Edward Cahill, the Barclays investment banker responsible for creating vehicles such as Cairn High Grade Funding. Although a relatively junior banker, Mr Cahill’s departure sparked rumours about possible losses at the bank. Nevertheless, confidence took such a knock that, after a technical glitch disrupted the money markets … Continue reading Barclays – bad time to take holidays!
