Saturday, 21st November 2009

 

13 April 2009 - Press Briefing

Barclays to entertain offers for entire asset management arm

Barclays will entertain bids for Barclays Global Investors, its asset management unit with over £1 trillion (€1.11 trillion) in client assets, as part of efforts to fetch an increased offer for iShares, the exchange-traded funds arm it agreed to sell last week for £3bn, according to a report in The Sunday Telegraph, London.

Analysts feel that suitors would need to submit bids worth at least £8bn to convince Barclays' board of the merits of divesting BGI.

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Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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