Barclays puts iShares up for sale

Barclays Group has confirmed that it is in talks with interested parties over a possible sale of iShares, its exchange trade funds (ETFs) business.

After rumours in the press over the sale, Barclays released a statement saying it is in discussions about a possible sell-off of the ETF provider. However, no firm decision has been reached.

Barclays also confirmed that it is in discussions with HM Treasury and the Financial Services Authority (FSA) over possible participation in the government’s Asset Protection Scheme. The bank said its participation would depend on whether the move made economic sense and whether it would provide value for shareholders.

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