View more on these topics

Financial industry through midpoint of crisis, says Barclays Capital CEO

Barclays Capital chief executive Bob Diamond says the financial industry is through the midpoint of crisis and predicts a period of recovery of nine to 18 months, according to reports.

The reported market outlook follows Barclays’ annual general meeting in which it announced its intention to resume dividend payments in the second half of the year.

At a Morgan Stanley European Financials investor conference at the end of March Diamond said financial stocks were past the worst.

He said: “Of course, predicting the timing of recovery in this climate is extraordinarily difficult – broadly speaking I believe financial stocks are past the most difficult point, however recovery will take time.”

Recommended

European Opportunities: 'It’s nice when stock selection results in a macro tailwind'

Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com