LONDON (Alliance News) - Barclays PLC is close to signing a deal to sell its Italian bank branches to CheBanca, the retail arm of Italian investment bank Mediobanca SpA, Reuters reported, citing two sources familiar with the matter.
The final details of the deal were being ironed out on Wednesday, but the sources told Reuters that Barclays has agreed to sell around 90 branches in Italy and will make a payment to Mediobanca as part of the agreement.
http://uk.reuters.com/article/2015/12/02/uk-barclays-italy-m-a-exclusive-idUKKBN0TL2LI20151202
Reuters also reported that Jes Staley, the newly-installed chief executive of Barclays, has approached his former JPMorgan Chase & Co colleague Blythe Masters about running the UK group's investment banking business.
Citing a person familiar with the matter, Reuters said Staley spoke to Masters about joining the bank late in 2016. Barclays declined to comment.
Masters, who runs derivatives trading start-up Digital Asset Holdings, told Reuters she was fully committed to her current role, which she took up in March.
http://uk.reuters.com/article/2015/12/02/uk-barclays-investmentbank-masters-exclu-idUKKBN0TL2JX20151202
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Barclays (BARC)