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“Barclays has several avenues to enter the US market. The company will have to decide which route best fits its strategic intentions” |
Barclays is looking to expand its deposit base and is eyeing an acquisition of a retail bank in the US, as well as in western Europe, according to sources close to the bank. Given that US and global regulation seems to be raising onerous new capital requirements against riskier trading businesses, while pushing banks away from relying on wholesale funding, and incentivizing them to increase deposits, a potential retail acquisition makes sense.
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