LONDON (Alliance News) - British lender Barclays PLC is in preliminary talks with potential buyers of its Brazilian business as part of a wider restructuring, Sky News reported citing people familiar with the matter.
The report indicated that Barclays executives have sanctioned a process to explore an exit from parts of its remaining investment banking operations in the stuttering Latin American economy.
Barclays has in recent weeks struck a deal to offload retail banking operations in Portugal, and is exploring a similar exit in Italy.
Copyright RTT News/dpa-AFX
Barclays (BARC)