Barclays unit could sell for $250m - analysts

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Barclays may fetch $150m to $250m for its U.S. wealth unit, according to analysts at Credit Suisse.

Bloomberg News reports that Stifel Financial is in negotiations to buy the business from Barclays, Reuters reported May 29, citing three people familiar with the matter that it didn’t name. A purchase would make sense for Stifel, which has expanded through a series of acquisitions, the analysts said Monday in a report.

'Such a deal would be right up CEO Ron Kruszewski’s playbook – buying a troubled franchise from a motivated seller', the analysts led by Christian Bolu wrote. 'Strategically, the deal would round out Stifel’s wealth-management offering'.

To access the complete Bloomberg News article hit the link below:

Barclays U.S. Wealth May Fetch $250 Million, Credit Suisse Says

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