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BlackRock Sale Is Bad Timing For Barclays

Barclays Canary Wharf

The quibble with Barclays' sale of its 19.6% stake in US-based fund manager BlackRock is the timing. The UK bank has been free to sell since last September and eight weeks ago enjoyed the pleasant sight of BlackRock's shares trading above $200 for the first time in a year.



Time And Money

GE unveils financial unit restructuring

GE, in a move to become a pure play industrial company, is exiting the financial services business by selling the bulk of the assets contained in its GE Capital unit and returning most of the proceeds from that disposition to shareholders in the form of a $50 billion share buyback.