Barclays Bank aims for the top
Fresh from the recent acquisition of Standard Life Bank, Barclays has now revealed a number of changes in the higher ranks of the company's offshoot Barclays Capital with a number of heavyweights brought on board to push the operation further forward. To be honest, Barclays Capital has always been one of the major players in the worldwide mergers/acquisitions arena and financial markets, but with many competitors now severely weakened there is every chance that it could continue its relentless surge to the top of the rankings.
There is some speculation with regards to the "sky high" remuneration packages to be offered by Barclays Capital but this is a high-risk and potentially high return industry which has done very well for Barclays bank over the years. However, it is the stereotypical high-risk and potentially high return business which the UK government is looking to clamp down upon.
As we have mentioned over the last few months, Barclays bank was one of the few UK operations to walk away from a promised capital injection by the government to bring in Middle East investors. This injection of non-state capital meant that Barclays bank was able to keep more control than the likes of Lloyds bank and Royal Bank of Scotland, something which the company is making full use of at the moment.
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