wasteman
Double-Tongued Word Wrester Citatio (Free subscription) | 10/09/2008
Varley, who has toured with Kano and G-Unit, has as much chance as any of them. She’s feisty as hell, dissing “wastemen” (vernacular for playa)..
Varley
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Barclays in £6.6bn private fundraising to avoid constraint
The Telegraph (Free subscription) | yesterday
Barclays yesterday unveiled plans to raise £6.6bn of new capital from the private sector as chief executive John Varley warned that government ownership of rival banks will leave them "hobbled" and at risk of losing key employees.
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Barclays' goitalone strategy should reassure investors
The Telegraph (Free subscription) | 10 hours ago
Barclays' decision to go it alone may be considered brave but in the end it was perhaps the only call chief executive John Varley could have made.
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Barclays chief warns rivals will be 'hobbled' by state intervention
The Telegraph (Free subscription) | yesterday
Barclays chief executive John Varley warns government ownership of rival banks will leave them "hobbled" and at risk of losing key employees.
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Will we own Second Class Banks?
MicroShaft Blog (Free subscription) | yesterday
The attached article from the Telegraph discusses why Barclay's has preferred to try and raise capital itself rather than go cap in hand to Gordon for some of our money to keep them in business. As the article says Barclays yesterday unveiled plans to raise £6.6bn of new capital from the private sector as chief executive John Varley warned that government ownership of rival banks will leave...
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Barclays avoids state support
Financial Time (Free subscription) | 6 hours ago
In a more normal market, ’ announcement on Monday that it was raising an additional £7bn ($12bn) in capital and scrapping its final dividend would have been seen as a humiliating admission of defeat.Compared with the £37bn government bail-out of three of its main UK rivals, however, the declaration by John Varley, Barclays’ chief executive, that the bank did not intend to seek state support...
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Taxpayers give banks £31.5bn on 'direst' day
News Scotsman (Free subscription) | 10 hours ago
... bank also said it would not pay a final dividend for 2008, saving the group £2 billion.John Varley, Barclays' chief executive, warned that rival banks in need of government capital injections would be "constrained in their strategic and operational flexibility". He suggested that Barclays could benefit as bankers quit rivals in the face of government supervision. Barclays' shares rose 5...
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Taxpayers give banks £31.5bn on 'direst' day
Scotsman.com (Free subscription) | 10 hours ago
... bank also said it would not pay a final dividend for 2008, saving the group £2 billion.John Varley, Barclays' chief executive, warned that rival banks in need of government capital injections would be "constrained in their strategic and operational flexibility". He suggested that Barclays could benefit as bankers quit rivals in the face of government supervision. Barclays' shares rose 5...
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Barclays' gamble to go it alone raises hackles among competitors
The Independent (Free subscription) | 11 hours ago
... price, about its ability to ride out the debt bust with such low write-downs on toxic assets.John Varley, Barclays' chief executive, insisted the authorities had "shaken the tree" to test whether Barclays' books were sound. He added that he had been approached by potential investors willing to inject capital into the bank. The bank has already lined up one investor for £1bn, with an existing...
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Capital of Culture: Monkeying around can be educational
Liverpool Daily Post.co.uk (Free subscription) | yesterday
Monkeying around can be educational by , Liverpool Daily Post 1 Chris Mason and Che Varley learning stage combat _320A classic Chinese fable inspires the Everyman Youth Theatre’s ambitious new production. Laura Davis meets its starsAS DEMONS go, this one with its poisonous heart hidden beneath the guise of a cheerful teenage boy doesn’t seem too terrifying.But then it lifts its head, revealing...
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Man who bludgeoned Reno teacher to death gets life without parole
Reno Gazette Journal (Free subscription) | 10/08/2008
All Joan Marie Varley wanted to do was help Jeffrey Sims, a Las Vegas parolee suffering from HIV and hepatitis C, who didn't have the skills to read a telephone book and never held a job.
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DTZ appoints former Barclays man as chief
Times Online (Free subscription) | 10/10/2008
The 47-year old was a close lieutenant of John Varley, the group chief executive of Barclay's, but left the bank suddenly in May after four years in the role of chief operating officer amid speculation of boardroom tensions between Mr Varley and Bob Diamond, president of Barclays and head of its investment banking arm. It was also thought that Mr Idzik was frustrated by the bank's failure...
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Pease quits as chief of JO Hambro
Financial Time (Free subscription) | 10/10/2008
Ms Pease, 47, comes from a proud financial dynasty: the Pease family helped found Barclays Bank, John Varley, Barclays’ current chief executive, is her brother-in-law, and she is married to Crispin Odey, founder of the hedge fund of the same name. Less glamourously, she was a non-executive of Northern Rock, the failed bank.
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Huge bonuses for City high flyers will be hard to rein in
The Guardian (Free subscription) | 10/10/2008
At Barclays, chief executive John Varley earned £3m last year. But that package was eclipsed by that of Bob Diamond, who runs the City arm of the bank. His basic pay for 2007 was £250,000, but his total pay including bonuses and shares was £21m, and in January he got a cheque from another incentive scheme for £14.8m. Diamond's pay is only known because he recently joined the board, but there...
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Gordon Brown? Alistair Darling? Whose plan is the £500bn bailout really?
Times Online (Free subscription) | 10/09/2008
... including the so-called Gang of Three: Sir Fred Goodwin, of the Royal Bank of Scotland; John Varley, of Barclays; and Eric Daniels, of Lloyds TSB. Representatives from the other high street banks were consulted regularly, in particular the heads of Standard Chartered, HSBC and Abbey. Also around the table were Baroness Vadera, a business minister and former adviser to the Prime Minister,...
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