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Barclays ishare11/13/2022 ![]() Gargi Pal Chaudhuri: Especially, in these volatile markets, that makes a lot of sense. Look at the long term, don't get too excited about instant returns and instant money, and how can we continue to grow and build our wealth for the long term. That is how you want to look at investing. #BARCLAYS ISHARE HOW TO#especially when it comes to young, new athletes coming into a lot of money, thinking about the broader markets and how everyday retail investors are looking at how to invest for their future.Īnd so the saying goes and it's, and it's what is coined for this campaign is “play the long game. Lauren Simmons: This campaign resonated in so many different ways. The one thing that I was thinking about is the tagline it's called playing the long game, tell me a little bit about what that means to you and why did this campaign resonate with you so much? I've been so excited to speak to you about the Baller$ campaign. Gargi Pal Chaudhuri: I am well, thank you. Lauren Simmons: I'm so grateful to be here. Hi Lauren, welcome! It's so great to have you. Lauren is part of BlackRock's new iShares Baller$ campaign, where Lauren is taking five college basketball players, under her wing to coach them through a financial literacy curriculum. Lauren Simmons is a personal finance expert and former stock trader as well as being a producer writer and the host of Going Public, a web series, following the stories of founders on their capital raising journey and her own podcast, Money Moves. I'm your host, Gargi Pal Chaudhuri, Head of iShares Investment Strategy and Markets Coverage. I am sure you will enjoy this episode and If you haven’t already, I invite you to subscribe to The Bid where you can get more episodes like the one you are about to hear. Lauren Simmons is participating in Blackrock’s Future Ballers campaign where she will lead up-and-coming basketball players through a curriculum to develop their financial skills Only 32% of Americans feel confident in their investing knowledge and here at the firm we strive to ensure our clients of all backgrounds achieve their own financial goals, wherever they fall on the wealth spectrum. On this episode of The Bid, Blackrock’s Gargi Pal Chaudhuri has a conversation with a prominent personal finance expert, Lauren Simmons, on the topic of financial literacy, something that we firmly believe in here at Blackrock. I am excited for the next 100 episodes where we’ll continue the in-depth conversations that make The Bid so unique. As well as hitting 100 episodes The Bid also recently hit 1 million downloads. The Bid started in 2018 as a new channel for the firm to reach our end investors and provide them with key conversations about the world of finance. As a 3-time guest of the podcast, I am honored and delighted to introduce The Bid’s 100 th episode. The Asset Protection Scheme uses government money to insure banks' riskiest assets against further losses.īarclays reported profits before tax of £6.08bn for 2008.Larry Fink: Welcome to The Bid, I’m Larry Fink, Founder, Chairman and CEO of Blackrock. The bank has also not taken part in the government's insurance scheme for toxic assets. Last year, the bank raised £7bn from investors in the Middle East. While other High Street banks have accepted government money to help them through the credit crunch, Barclays has chosen instead to raise finance privately. For example, the iShares FTSE 100 will track the performance of the FTSE 100 through a single share. They are a cheap way for private investors to gain access to many different shares through a single holding. The iShares funds, Exchange Traded Funds (ETFs), have proved very popular in the US, but have yet to really take off in the UK.ĮTFs are listed shares that pool investors' money and track the performance of particular indexes. "Barclays shareholders will benefit from a reinforcement of our capital base and an ongoing commercial relationship with iShares," said Mr Varley. "iShares has experienced rapid growth over the past several years and has reached a point where it can develop further on a stand alone basis," he added.īarclays will still maintain links with iShares. "This transaction realises significant value for Barclays," said the bank's chief executive John Varley. Mr Diamond, has 300,000 shares in BGI Holdings, the Barclays arm which owned iShares. However, Barclays is having to provide £2.1bn of financing for the deal - in effect, a loan to CVC to help it buy the asset management business.īarclays shares closed up 12% after the announcement at 177.5 pence.īarclays' President Bob Diamond, one of the highest paid people in the City of London, stands to gain up to £4.7m. Barclays Bank has agreed a deal worth£3bn ($4.4bn) to sell its iShares business to CVC Capital Partners to raise cash. ![]()
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