LONDON, July 6 (Reuters) - British bank Barclays Plc said it has spent more than $150 million to develop aresolution plan for its U.S. operations that would allow it tobe wound down if the bank hits trouble.
In a submission to the U.S. Federal Reserve regarding plansfor its so-called "living will", Barclays said it plans toshrink the size of its U.S. unit Barclays Capital Inc. to$185-215 billion by July 2016, from $248 billion at the end of2014 and as much as $521 billion in 2010.
"Barclays has a global recovery planning process in placethat includes a range of feasible options available to managethe viability of the group during stressed conditions," it saidin its 54 page disclosure released on Monday. (Reporting by Steve Slater. Editing by Carmel Crimmins)
Barclays (BARC)
