Barclays PLC (NYSE:BCS) (LON:BARC) will announce the intended creation of a bank housing the sub-par returning assets from the investment bank and exit retail assets in non-UK RBB, according to a report from Financial Times. Jason Napier and David Lock of Deutsche in their report dated April 30, 2014 believe Barclay’s bad bank move would be well received. Success in other banks As reported earlier, Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) (LON:RBS) said it intended to create an internal ‘bad bank’ which will assume £ 38 billion of bad and doubtful loans / assets. The bank said the…
Barclays Plc Set To Announce Bad Bank [REPORT]
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports