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Barclays ( (GB:BARC) ) has issued an update.
Barclays PLC has completed the sale of its German consumer finance business to BAWAG P.S.K., a subsidiary of BAWAG Group AG. This strategic move is intended to simplify Barclays’ operations and focus on expanding its key business segments, releasing approximately €4.0bn of risk-weighted assets and increasing the CET1 ratio by about 10 basis points, thus strengthening its financial position.
More about Barclays
Barclays PLC is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking, and wealth management, with a market focus on serving institutional, corporate, and high net worth clients.
YTD Price Performance: 10.76%
Average Trading Volume: 41,783,401
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £42.77B
For an in-depth examination of BARC stock, go to TipRanks’ Stock Analysis page.
