Barclays’ core Tier 1 capital ratio will rise to 8.8 percent after the BGI deal, the bank said yesterday.
It was 5.6 percent at the end of last year.
The BGI sale will cost Barclays a division that generated 15 percent of the group’s profit while offloading 1 percent of its risky assets, said Sandy Chen, a London-based analyst at Panmure Gordon & Co, who has a “sell” rating on the stock.
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