Barclays to Sell More Offices

31/01/2014 – Expansion

 The bank announced yesterday the leave of Jaime Echegoyen, the CEO of the entity in Spain since 2011. (…). He will be substituted by Antonio Castro and Claudio Corradini.

The group pointed out that the bank´s restructuring has practically come to an end. Now the entity aims at focusing on clients of high-income and premium rents. 890 employees have already been dismissed and 160 branches deregistered, among which 146 offices have been closed and 14 sold to Caja Rural from Castilla – La Mancha.

Nonetheless, the financial sources claim that Barclays might keep reducing its retail network and sell more offices in lots similar to the one sold to Caja Rural. Barclays denies conduction of any operation right now, however some movement could be observed by the end of the year. (…).


Original article: Expansión

Translation: AURA REE