Barclays part of Citigroup?

[sharriss]

Anyone making a killing out of the rumours that Barclays are being taken over?

I was caught napping on that one.

S

 

[jklondon]

As you said they were just rumours. I have a position on Barclays and just simply raised the stop to give me some upside in case something does materialise - however I think their is a greater chance that nothing will happen in the short term and I will get hit on my Stop (which will still give me a very good return on my risk/reward profile nonetheless)

Expect more of the same to follow across the banking sector over the next few years.

 

[sharriss]

I think there's "gold in them there rumours" - Barclays make no secrete that they want their profits from outside the UK to increase from the current 20% or so.
Citigroup and Barclays have a lot of synergy - i.e. they have offices in the same countries around the world so will reduce costs.

I just wish someone wanted us (LloydsTSB) as my free shares could do with a boost.

Happy trading,
S

 

[Bono]

Rumour has it that Citigroup may pay £7 a share for Barclays!! at last some profit !!!