Where does all the money for the record Barclays Bank profit come from?


D

Dave

From http://news.bbc.co.uk/1/hi/business/6377801.stm Barclays has
produced a profit of GPB 7.14 Billion. I was wondering if this money
came money which was lent to customers by Barclays or other banks in
the first place.

e.g. the government borrows money to pay for workers, and the workers
take out a mortgage. It seems to me that the banks win twice 1- from
the government, 2- from the personal banking customer. It is like
having your cakes appear by magic.
 
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W

Wink Nightingale

produced a profit of GPB 7.14 Billion. I was wondering if this money
came money which was lent to customers by Barclays or other banks in
the first place.

e.g. the government borrows money to pay for workers, and the workers
take out a mortgage. It seems to me that the banks win twice 1- from
the government, 2- from the personal banking customer. It is like
having your cakes appear by magic.

Yes, this is why the smug bastards in the city walk around with
cheshire cat grins. If the business your in is to make money, you
can't lose. You either win, win big, win very big, or just make stupid
amounts of money.

They are laughing all the way to the bank so to speak.
 
W

whitely525

produced a profit of GPB 7.14 Billion. I was wondering if this money
came money which was lent to customers by Barclays or other banks in
the first place.

e.g. the government borrows money to pay for workers, and the workers
take out a mortgage. It seems to me that the banks win twice 1- from
the government, 2- from the personal banking customer. It is like
having your cakes appear by magic.
They said it came from fund management, so maybe all the profit comes
from those people silly enough to invest in barclays own lacklustre/
overpriced
investment funds...?
 
A

allan tracy

Yes, this is why the smug bastards in the city walk around with
cheshire cat grins. If the business your in is to make money, you
can't lose. You either win, win big, win very big, or just make stupid
amounts of money.

They are laughing all the way to the bank so to speak.
The biggest shareholders by far in Barclays are the pension funds and
since Gordon the Moron chose to decimate these funds with his stealth
taxes I would suggest most of that profit is going to a very needy and
worthy cause and I don't mean Gordon.
 
D

David Morgan \(MAMS\)

The biggest shareholders by far in Barclays are the pension funds and
since Gordon the Moron chose to decimate these funds with his stealth
taxes I would suggest most of that profit is going to a very needy and
worthy cause and I don't mean Gordon.

I'm interested in you "needy and worthy" cause recipients for $7.1 Billion.
 
A

Andrew MacPherson

Gordon the Moron chose to decimate these funds with his
stealth taxes
A policy which came into being at a time when funds were in surplus and
companies were taking pension holidays left, right, and centre. While
Brown's policy might have been misguided in retrospect, it was only a
small part of the eventual problem if you ask me.

Which you didn't, but I get a bit tired of stealth tax claims being
wielded so clumsily.

Andrew McP
 
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R

Ray Wolfe

A policy which came into being at a time when funds were in surplus and
companies were taking pension holidays left, right, and centre. While
Brown's policy might have been misguided in retrospect, it was only a
small part of the eventual problem if you ask me.

Which you didn't, but I get a bit tired of stealth tax claims being
wielded so clumsily.

Andrew McP
And people chose to forget that it was the second half of a policy
started by the tories to get rit of ACT ... And Corporation Tax was
reduced at the same time from, I think, 33% to 29%.
Interesting how many folk have selective memory syndrome.
Ray

--
 
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D

Daytona

On Wed, 21 Feb 2007 07:19 +0000 (GMT Standard Time),
I get a bit tired of stealth tax claims being
wielded so clumsily.
Same here.

At current yields the loss of the tax credit was 0.28%pa

Daytona
 

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