Barclays To Buy American

by Derek Loosvelt | March 09, 2010

Looking to boost business in the States and shore up some safe capital, Barclays PLC is aiming to acquire a U.S.-based commercial bank sometime in the near future, with names like SunTrust, Comerica and Fifth Third being kicked around as possible targets.

Barclays Center

Barclays has been draining some long-range shots as of late: It avoided the mess that many of its competitors drowned in during the past couple years, managed to pick up the good assets that the now-bankrupt Brothers Lehman left behind, and won the bidding to slap its name on that sure-to-be-an-eyesore-and-a-traffic-and-daily-commuter nightmare called the Barclays Center, whose groundbreaking ceremony is slated for this Thursday (full disclosure: I live less than four blocks away from where Bruce and Jay-Z intend to start digging for gold).

Filed Under: Finance


J.P. Morgan No. 1 in Investment Banking Fees Limited optimism, despite drop in law firm layoffs

Vault welcomes your views. Please stay on topic and be respectful of other readers. Review our User Guidelines.

blog comments powered by Disqus

Featured Companies

Career Update Newsletter

Tips and tools to help you manage your ideal career.