Barclays Turns Bearish On Coinbase Following Q1 Woes, Slashing Price Target T...
Coinbase (COIN) opened the quarter with a rough financial showing. After the exchange reported major losses in its first-quarter earnings, Barclays responded by cutting its price target for COIN, while Bank of America trimmed its target more modestly. Two Wall Street Takes On Coinbase Barclays lowered its Coinbase price target to $107 from $140, maintaining an Underweight rating following the company’s release. Bank of America, by comparison, reduced its target to $218 from $234 while keeping a Buy rating. Barclays anchored its downgrade on what it said was a significant miss across both....
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Barclays Bank received the most complaints in the first half of 2016 of all financial services firm, according to latest figures from the UK financial regulator. The Financial Conduct Authority said that between January and June Barclays complaints increased 3% from the second half of 2015, reaching 287,463. HSBC was the only other big five High Street banks to see complaints increase. HSBC’s complaints also rose 3% to 124,891. Lloyds Bank, however, saw complaints decrease 7% to 213, 163, remaining second to Barclays. Barclays has taken steps to improve customer service, the banks says,....
For decentralized bank accounts, there's always Bitcoin. Photo via Alwyn Ladell. Daily Mail, Reuters, and Bloomberg are all reporting that a cache of Barclays account details was stolen from their centralized servers. Barclays is currently completing an internal investigation of the data leak, but it seems that a "gold mine" of 27,000 files containing personal and financial details of Barclays clients has been leaked. These files were then used by dealers to pressure those Barclays customers into scams. This latest data breach comes only a few months after Target revealed tens of millions....
Barclays Bank, one of the largest banks in the world, has today issued a warning on the nascent digital currency Bitcoin arguing that it is not backed by any government or central bank and the deposits are not insured. The warning follows numerous similar warnings by Consumer Financial Protection Bureaus in the aftermath of the still mysterious downfall of MT Gox. Barclays urges its customers to beware of hackers and scammers and beware of rate fluctuations as well as general advice such as carefully read the contract and know with who you are dealing. Absent from the warning however is....
Barclays, the UK banking company, teamed up with an Israeli startup to carry out the bank’s first Blockchain-based trade transaction. This allowed Barclays to send a transaction within minutes, both cost effectively and securely, rather than using the traditional transaction process which normally takes hours or days. According to Barclays, the transaction was approximately $100,000 worth of dairy products from an Irish food company, Ornua to the Seychelles Trading Company. Baihas Baghdadi, Barclays' Global Head of Trade and Working Capital, states: "We've proved the reality of this....
Barclays is taking sterling deposits for a new bitcoin exchange, making it the only UK bank to do so currently. Banks in the UK have avoided working with bitcoin exchanges so far, but customers of new bitcoin exchange Bit121 can deposit their sterling to a Barclays account with a Canary Wharf address. The account belongs to a payment service provider called PacNet Services Ltd, which Bit121 works with. Barclays therefore does not have a direct relationship with the bitcoin exchange. When contacted, Barclays refused to comment on its policy towards working with bitcoin exchanges. Daniel....