Bloomberg News

Barclays May Split, List Investment Bank in New York, Times Says

July 08, 2012

Barclays Plc (BARC) directors are considering splitting the group in two and listing the investment bank previously known as Barclays Capital in New York, the Sunday Times reported, citing insiders it didn’t name.

The rest of Barclays would remain listed in London after the interest-rate rigging scandal, the newspaper reported. London-based Barclays said yesterday a split wasn’t being considered, even as two senior insiders and one former board member said the plan would be studied, according to the report.

Giles Croot, a Barclays spokesman, declined to comment.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


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