The strange world of banks!

Barclays has sold iShares - a provider of specialist stock-market funds - for £3bn.

However, it has LENT the buyer, private-equity house CVC, £2.1bn of the purchase price.

Bob Diamanond must have needed his £4.7m windfall badly

why is that strange think how much they will be getting now inc interest for the finance

It's all about how they can put it on their books in terms of regulatory capital treatment...