The strange world of banks!

[SAINT]

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 😀

 

[N Rothschild]

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

 

[Martinghoul]

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