Barclays Gains Standard Arm in Pounds 250m Deal ; Financial Mail

Summary

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BARCLAYS Bank is likely to enter exclusive talks this week with Standard Life for the purchase of the insurer's banking division. A Pounds 250 million deal could be thrashed out as early as the end of this month.

It is believed that Barclays has been granted exclusivity - the precursor to a deal being struck - because no other company has shown an interest in the bank, which has an Pounds 8.8 billion mortgage book, savings balances topping Pounds 5.5 billion and about half-a-million customers.

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Barclays Gains Standard Arm in Pounds 250m Deal ; Financial Mail

Although Standard Life's banking arm is a fracti...

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