Categories: OLD Media Moves

Barclays Capital share of coverage hasn’t increased due to LIBOR scandal

Although Barclays Capital has been in the news recently due to its involvement with the LIBOR scandal, its coverage has actually declined compared to coverage of other banks, according to data from Highbeam Research.

Barclays ranks No. 10 in terms of coverage, but its coverage as a percentage of overall bank coverage has fallen to 3.77 percent, down from 5.3 percent in the second quarter.

Bank	2nd Quarter	3rd Quarter
HSBC	17.51%	15.77%
Goldman Sachs	14.10%	14.63%
Morgan Stanley	9.91%	12.20%
Deutsche Bank	9.53%	10.41%
Citi	7.10%	9.30%
UBS	7.97%	8.25%
Royal Bank of Scotland	12.78%	8.13%
Credit Suisse	7.43%	6.99%
Bank of America Merrill Lynch	3.55%	3.89%
Barclay’s Capital	5.30%	3.77%
JP Morgan Chase	1.81%	2.58%
Wells Fargo Securities	1.76%	2.28%
BMO Capital Markets	<1%	1.39%
Nomura Securities	<1%	<1%

In light of JP Morgan’s potential multi-billion dollar trading loss, media attention increased in the third quarter to 2.58 percent. The scandal surrounding Bank of America Merrill Lynch’s trading scandal also provided a surge in media attention from the second to third quarters.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.