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 action could result in a write-down of up to...
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