Barclays is planning to shift a £4bn portfolio of complex credit assets from its balance sheet in an echo of a similar transaction it undertook last month with a £12.3bn portfolio. In that deal, a team of 45 Barclays staff left the bank with a £12.3bn asset portfolio, codenamed Protium, and set up a company called C12. The bank is now considering two options for the £4bn in assets – either a replica of the Protium deal that would see Barclays traders leave with the portfolio, or a divestment to a third-party buyer.

This entry was posted by Gwen Robinson on Monday, October 12th, 2009 at 5:00 and is filed under Capital markets. Tagged with barclays. Edit this entry.