Hedge fund of investor who inspired The Big Short takes position on Barclays

Neuberger Berman bet worth 348,000 adds to positions against Lloyds and RBS The American hedge fund of the investor depicted in the Oscar-winning Hollywood film collapse of thea book by Michael Lewis, won an Academy award for best adapted screenplay. Eisman moved to New York-headquartered Neuberger Berman, which spun out of Lehman Brothers, in 2014 after reportedly helping FrontPoint, a subsidiary of Morgan Stanley, to double its assets to $1.5bn during the crash. Neuberger Bermans bet against Barclays adds to positions against Lloyds Banking Group and Royal Bank of Scotland, worth $446,000 and $529,000 respectively, which the hedge fund previously disclosed. Short-selling involves borrowing shares in a company and selling them with the expectation of buying them back at a …

Barclays funds climate breakdown. We are determined to make it stop | Seema Syeda

The bank is a huge backer of the fossil fuel industry and attendant climate catastrophe. Direct action is vital, says Momentum activist Seema Syeda From Saddleworth Moor, while where I live in Brixton, 100 companies have been responsible for over 70% of the worlds carbon emissions since 1988. The fossil fuel industry has wrecked the planet, while enacting violence and devastation across the global south. They brought about this crisis, and they should be the ones to pay for it. But fossil fuel companies arent the only ones to blame here. These companies are only able to finance their mines and oilfields with the help of banks. And believe it or not, these banks are increasing their financing for fossil …