Twittern

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.

Twittern