A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

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Entry from July 23, 2012
BarCrap (Barclays Capital or BarCap nickname)

Barclays bank has the website barcap.com (after Barclays Capital). The bank has been called “BarCap” and has occasionally been nicknamed “BarCrap” (or “Barcrap").

The nickname “BarCrap” has been cited in print since at least September 2007.

Wikipedia: Barclays
Barclays PLC (LSE: BARC, NYSE: BCS) is a British multinational banking and financial services company headquartered in London, United Kingdom. It has operations in over 50 countries and territories across Africa, Asia, Europe, North America and South America and around 48 million customers. As of 31 December 2010 it had total assets of US$2.33 trillion, the fourth-largest of any bank worldwide (after BNP Paribas, HSBC and Deutsche Bank.

Mumsnet Talk
Barclays taps bank of England for £1.6bn
Sat 01-Sep-07 11:36:30
I’m with Barclays. I keep intending to take my money (ha!) elsewhere because they are BarCrap.

The Liverpool Way
11th April 2010, 11:52 AM
Re: Barclays Capital Appointed to Find a Purchaser for the Club
Originally Posted by BolshieBastard
Tend to agree with a lot of this. People thinking its great news or even just good news are going to be disappointed. Barcrap could take a far more relaxed view of the debt if they are going to forward another 60m and effectively increase the debt back to 300m. This means less pressure on the owners to sell and will see them here for longer. What this barcrap deal does is makes it more likely they’ll hold out for their price.

Barclays Capital Employee Review
“Negatives Outweigh Positives; Stay Away From BarCrap”

Former Equity Research Senior Associate in New York, NY– Reviewed Mar 07, 2011
Pros – Good Brand Name
Shiny Glass Building in Times Square
Nice Interior - Blue Carpeting is Soothing

Cons – Incompetent and Top-Heavy Research Management
Incompetent and Top-Heavy Recruiting Department
Equity Research Department Has Been Declining Since Lehman Takeover

Re: Capital One Cash Reward Card – Denied – Refuse to Say why!
12-07-2011 09:53 AM
Can I call Barclay Barcrap for not giving me credit?

Thread: Bob Diamond forgoes bonus as Barclays fined for Libor manipulation
29th June 2012 07:56
Casino Bob was in charge of BarCrap when all this was happening and yet he says he wasn’t aware, it was all perpetrated by minions so he won’t fall on his sword.

28th June 2012, 22:08
Re: Homeowners could sue Barclays for Libor fiddle even without clear proof it pushed up
Can’t see how they could sue given that the fiddle was done by Barcraps (Barclays Capital) which is the investment banking division and the mortgages are offered by the retail bank.

LIBOR For Mortals: An Easy Explainer
By Heidi N. Moore
Tuesday, July 3, 2012 - 03:40
Barclays - nicknamed BarCap by Wall Street insiders - is known to most Americans mainly as the bank that bought Lehman Brothers. And LIBOR isn’t known to most Americans at all. Yet this scandal is shaping up to be a big one. And one British bank and one international interest rate may have had a strong effect on average consumers here in the U.S. 

The Telegraph (UK)
‘BarCap was the Wild Wild West – that’s what we called it’
A former Barclays Capital trader, who asked to remain anonymous, speaks about his job and the relentless pressure to achieve higher margins.

By Helia Ebrahimi
10:30PM BST 21 Jul 2012
[COMPANY A] blew up and that was because of us, because of derivative bets placed on its behalf. It was trading structured products. Look at the hedging instruments and financial costs.

The problem with BarCap was that we were making so much money on FX products [hedges] we were constantly looking for structures to fling to clients. We were looking for higher margins. That’s where swaps came in

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Monday, July 23, 2012 • Permalink