Barclays considers sale of private equity arm

Monday, 13 July 2009 12:00

Barclays could sell off its private equity business as the bank attempts to strengthen its capital levels further.

Following the sale of investment management arm BGI, Barclays is considering selling other divisions, including Barclays Private Equity (BPE), according to weekend newspaper reports.

Barclays is said to be holding talks with investors in BPE, and may sell the entire division or part of the business.

The banking group has been focussed on raising enough money to satisfy the Financial Services Authority (FSA) that it could survive further economic shocks.

Barclays has already raised £7.3 billion from Middle Eastern investors and the sale of BGI is thought to have taken the bank’s capital ratio to 7.2 per cent, above the FSA’s target of six to seven per cent.

The bank earlier in the year public stated it had passed the FSA’s ‘stress tests’.

Barclays has declined to comment on the reports.

Comments Bubble Comments

blog comments powered by Disqus

Twitter: My Finances

Join the conversation at #news_myfinances

Newsletter sign up


In addition to the weekly newsletter, which areas of finance would you like to hear from us about:

Tick this box if you would like us to send you promotions from carefully selected third parties.

By signing-up you agree to the terms of use and privacy policy.

sign-up button

Get the latest information on: