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Is Barclays bank on the verge of a £5 billion disposal?

The Sunday Times and Sunday Telegraph have today been running stories regarding Barclays Bank and a £5 billion disposals of the companies fund management division. Reports suggest that the iShares business is up for sale as the group looks to avoid ongoing talks with UK authorities regarding the toxic debt insurance plan. As we covered in one of our earlier posts the UK authorities are pushing Barclays Bank to ensure £80 billion of potential toxic assets when the company only wants to ensure £20 billion via the scheme.

Those who followed the various rescue packages and cash injections into the banking system will know that Barclays Bank has so far managed to avoid any taxpayer funding and many believe the £5 billion disposal being discussed would allow the company to continue under its own steam with no input from UK authorities. Quite how long Barclays Bank would be able to continue if, as many suggest, the UK economy continues to head downwards remains to be seen but at this moment in time Barclays directors are adamant they do not require any third party funding.

There are very few banks in the UK which even have the choice of taking taxpayer money or raising money privately from other sources. Is Barclays Bank turning into one of the stronger UK financial groups?

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