The Virtual Pub

Come Inside... => The Commons => Topic started by: Snoopy on February 09, 2009, 12:45:32 PM

Title: Frankly I smell a rat here
Post by: Snoopy on February 09, 2009, 12:45:32 PM

http://news.bbc.co.uk/1/hi/business/7878250.stm

Quote

Barclays Bank has reported profits before tax of £6.08bn ($9bn) for the full year of 2008, down 14% on its profits taken in 2007.

Chairman Marcus Agius said the bank had been "solidly profitable despite strong headwinds" experienced during the year.

It just doesn't gell that Barclays should come out smelling of roses.

Title: Re: Frankly I smell a rat here
Post by: Grumpmeister on February 09, 2009, 12:52:08 PM

More then likely hound, they are including Lehman Brothers assets they bought up for sod all in their 'profits' so I suspect that overall this is as close as you can get to cooking the figures without actually breaking the law..

Title: Re: Frankly I smell a rat here
Post by: Nick on February 09, 2009, 12:54:09 PM

Someone I knew worked for Lehmann Brothers. Barclays were in like knife scooping up the better people. She was back at work the next day, for Barclays