Barclays (BCS) Confirms Talks To Sell Its iShares Unit
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Today, Bob Diamond confirmed to CNBC's Maria Bartiromo that Barclays (NYSE: BCS) is in talks to sell its iShares Unit. By selling the unit, the company will have more cash and, hopefully, this will help them avoiding a capital infusion from the government. Maria said she expects something to be announced to later today or tomorrow.
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Barclays PLC (Barclays) is a global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an international presence in Europe, United States, Africa and Asia.
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barclays ishares sale
jim walsh on Mar 31, 2009 10:11 AMpoor move on their part most profitable division of company rethink this untimely sale