Barclays' Sale Of Portuguese Ops At Discount Likely To Impact Exits In Italy, France

Earlier this week, Barclays inked a deal with Spain's Bankinter to sell a bulk of its retail banking operations in Portugal - the latest move by the British banking giant towards shrinking its retail presence in Europe. The sale includes Barclays' Retail and Wealth Management operations as well as a part of its Corporate Banking business, which is focused on small and mid-sized enterprises. Notably, Barclays will incur a loss of £200 million ($300 million) from the transaction, as it agreed to ...