Sunday, 21.01.2018
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News from the financial sectors in Spain and the Canary Islands
   News from the financial sectors in Spain and the Canary Islands

Banking
Barclays sell out?
The London based headquarters of Barclays Iberia has decided to sell its Spanish, French, Italian and Portuguese branches within, “two to three years”.


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08.06.2014 - Group Chief Executive Antony Jenkens announced that the southern European operations were not strategically viable and would have to go.  Despite the medium-term inferences, it would seem that Barclays Spain has already presented its books to the big players.  So far, according Spanish newspaper El Pais, BBVA and Catalan bank CaixaBank are the only potential buyers to have expressed interest.

The Italian arm said their challenge in the recent market has been to make a profit, but the London head office have set a limit of 12 per cent, which neither Spain or Portugal are achieving.



Gallery: Barclays sell out?
 
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