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Ayondo Comment: “Barclays’ Earnings may be Impressive, but Behind the Scenes all is Not Well”
Jordan Hiscott, Chief Trader at Ayondo Markets:
“Barclays’ earnings may be impressive, but behind the scenes all is not well”
“While Barclays’ reported earnings are certainly impressive, if we look a little closer at the data we can see a markedly lower performance in the trading units, particularly equities and fixed income. This seems to be the catalyst for the fall in share price today, which is down 4% at 214p.
“In my opinion, the UK’s third largest bank could be facing other headwinds as well. With Britain’s future no longer in Europe, the bank having its base in Canary Wharf with the possibility of staff relocations to other European capitals could be problematic. In addition, the allegations that Chief Executive Jes Staley attempted to identify an anonymous whistle blower continues to put the spotlight on the firm’s corporate governance, which took a damaging blow from the Libor rate rigging scandal.
“At the moment, the share price valuation seems to reflect a slight malaise for the stock in general, being now lower for 2017, compared to the FTSE which is higher by 2.1% over the same period.”
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Mastercard, NCR Atleos, and ITCard to Enhance Contactless Experiences at ATMs
Mastercard with NCR Atleos and ITCARD are enabling cash to be securely withdrawn at contactless ATMs
Paytently and Mastercard Partner to Launch Next- Generation Open Banking Payment Solution
Paytently has launched Paytently Open Banking powered by Mastercard Open Finance streamlining payments end-to-end
Botim Expands UAE-Ethiopia Financial Corridor With Commercial Bank of Ethiopia Partnership
botim announced a partnership with the Commercial Bank of Ethiopia to deliver secure, convenient remittance solutions for Ethiopians in the UAE
Onafriq and Visa Partner to Launch Visa Pay, Unlocking Interoperability Between Card and Mobile Money in the DRC
Onafriq has partnered with Visa to launch Visa Pay to expand digital financial access across the DRC
Jet2 Selects APEXX Global as Payment Orchestration Partner
Jet2 has selected APEXX Global as its exclusive Payment Orchestration Partner to optimise and future-proof its global payments infrastructure
Binance and Franklin Templeton to Develop Digital Assets Initiatives and Products
Binance and Franklin Templeton announced a collaboration to build digital asset initiatives and solutions tailored for a broad range of investors