Yesterday, the global financial services firm that provides retail, corporate and investment banking services was fined $451.4 million after disclosing fake LIBOR and Euro interbank rates. It was reported that Barclays provided false rates in order to lessen fears about that bank’s health. As a consequence, Barclays will also cut bonuses of three lieutenants and the CEO.
Barclays is the United Kingdom’s second largest bank by assets had total cash of $1.55 trillion, a book value per share of $28.39, debt to equity ratio of 16.01 and the long term debt to equity ratio of 0.45.
For the options traders out there, BCS has a weekly volatility of 2.98% and a monthly volatility of 3.06%. The 14 day average true range was 0.44 with a beta of 2.65.
David Cornes holds a degree in economics from the University of Montana.