Bloomberg News

Barclays Has No Plan to Spin Off Investment Unit, Telegraph Says

July 15, 2012

Barclays Plc (BARC) has no plan to spin off its investment banking unit, the Sunday Telegraph reported.

The bank remains committed to its strategy and business model, the newspaper said, citing a Barclays e-mail to staff last week.

Simon Eaton, a spokesman for Barclays, declined to comment when reached by phone today.

To contact the reporter on this story: Maria Kolesnikova in London at mkolesnikova@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net


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