Is Barclays Bank in trouble?Is there any reason to feel particularly worried about having savings/shares in Barclays bank at the moment? I notice its getting a savaging in the press for spending £500,000 for its bankers on a jolly to the banks of Lake Como: http://www.telegraph.co.uk/finance/finan... Meanwhile, its shareprice is down... |
Sh*** I hope not, my pension comes through them.
I think Barclays is in a better situation that most other banks. They have purchased the US assets of Lehman Brothers, along with the brand and have a quite diverse business that probably allows them some flexibility that some of the other banks haven't had.
I think in the UK Barclays and HSBC are probably the safest banks to have your money in right now.
In regards to the press right now - it's expected, with several large investment banks failing, the excess and luxury associated with that industry are being scrutinized.
Shares will go down, and the markets will be tough for a while - but best not to panic, make sure your savings are diversified so you don't lose everything when one bank fails, be reasonable and try to bide it all out like the rest of us.
Not with the bank charges they are taking out of me.
