9th Jul 2015 11:23
LONDON (Alliance News) - Barclays PLC is in talks with potential bidders for retail banking assets in Italy and Portugal, Sky News reported on Thursday.
"Barclays confirmed in May 2014 that its Retail and Business Banking operations in France, Italy, Portugal and Spain would form part of its Non-Core division and that we would, therefore, explore options to sell or exit these businesses over time, or materially reduce the capital they consume," a Barclays spokesperson told Alliance News.
"Until then, however, we will continue to actively manage these businesses, protecting the franchise, and ensuring we deliver high-quality service to our customers and clients," the spokesperson said.
http://news.sky.com/story/1516018/barclays-accelerates-eurozone-sell-off-plan
Barclays shares were up 1.5% at 261.05p on Thursday.
By Samuel Agini; [email protected]; @samuelagini
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