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HomeBarclays Dark Pool Lawsuit and the ‘In Bed with Wall Street Conspiracy’
Posted by Larry Doyle on June 27th, 2014 9:49 AM |
The lawsuit filed by New York Attorney General Eric Schneiderman against Barclays for ‘pernicious fraud’ in the operation of its dark pool sent shock waves through Wall Street yesterday.
The equity valuations for a number of large Wall Street banks declined significantly under the premise that this lawsuit will impact their own business operations in a negative fashion.
Beyond that, though, many might think serious allegations of lying, blatant misrepresentations, fraud, self-dealing, predatory practices aka high frequency trading, investor abuse, and the like mean one thing: just another day on Wall Street.
Let’s play hardball today and navigate a little deeper. (more…)
Barclays Libor Scandal: What is Bob Diamond Hiding?
Posted by Larry Doyle on January 25th, 2013 7:25 AM |
To think that scandalous activity of the size and scope involved in the rigging of Libor would be confined to a mere handful of traders and brokers is so ridiculous as to be laughable.
Yet, to this point, every institution connected to this racket would try to have us believe just that. Well, we can disavow that attempt to minimize the fallout of this manipulation at one bank. Which one is that? (more…)
Barclays Wealth: Little More Than a Boiler Room?
Posted by Larry Doyle on January 23rd, 2013 9:11 AM |
The cover up is often worse than the crime.
How often have we seen that reality play out? All too often. Might we see it play out once again at Barclays Wealth Management, a division of Barclays Global?
Well, depending on how aggressive financial regulators — I know, that is an oxymoron — might be, the operation at Barclays Wealth may prove to be particularly volatile and potentially explosive. How so? If there is a shred of truth in a story emanating in the UK, then Barclays Wealth might only be compared to some of the best boiler room operations on Wall Street. (more…)
