Monday, 23rd November 2009

 

11 May 2009 - Press Briefing

Barclays receives counter-offers for iShares

Barclays has got at least two counter-bids for iShares, its exchange-traded funds unit, as part of the "go shop" period that permits it to solicit rival offers for the division until the middle of next month, according to a report in The Sunday Telegraph, London.

Apax, BC Partners and Hellman & Friedman have all been considering trumping CVC Capital Partners’ existing £3bn (€3.3bn) deal with Barclays for the business. The UK lender is also apparently weighing market interest for its Barclays Global Investors arm, the report said.

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Brummel

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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