Barclays in Talks to Sell iShares Unit: layoffs possible
According to NYTimes : ” Barclays is in exclusive negotiations with the private equity firm CVC Capital Partners to sell a part of its fund management business, iShares, for about $4.3 billion in an effort to shore up its capital without handing a stake to the government.”
Blake Grossman (CEO of Barclays Global Investors) mentioned today in email that “this potential transaction, along with continued uncertainty in the markets, has made the last few weeks quite challenging for all of us“, according to people familiar with the matter.
