Life after BZW for Barclays. (UK-based Barclays Capital)

Banker, The, December, 1997 by Shearlock, Peter

Barclays Capital will expand its services to include credit-related business, issuance of securities in the European and Asian markets and the emerging market debt. Barclays CEO Bob Diamond said that the sell-off of the company's BZW franchise's UK and European equities and M&A businesses is part of the reorganization of the company's credit business to incorporate several new services. The loss of its equity issuance, trading and corporate advisory business does not, however, bother Diamond.

Barclays has taken the opportunity of restructuring its credit business in the wake of the sale of its equities and M&A businesses. Peter Shearlock looks at the implications of the BZW sell-off for Barclays, CSFB and others

So, farewell then BZW ... and hello Barclays Capital....

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