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Barclay's CEO Shifts to Plan B.

Authors :
Mollenkamp, Carrick
Source :
Wall Street Journal - Eastern Edition. 10/6/2007, Vol. 250 Issue 82, pA2. 0p. 1 Black and White Photograph.
Publication Year :
2007

Abstract

The article reports on the decision of John Varley, chief executive of Barclays PLC, to pursue opportunities in emerging markets as its bid for ABN Amro Holding NV failed. According to Varley, he perceives opportunities in India for his retail, commercial and investment-banking units. It notes that Barclays already has a firm base in South Africa, where in 2005 it acquired majority control of Absa Group Ltd. In July 2007, Barclays won an investment from China Development Bank.

Subjects

Subjects :
*EMERGING markets

Details

Language :
English
ISSN :
00999660
Volume :
250
Issue :
82
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
27733423