Barclays sells UK Secured Lending businessStaff writer ▼ | September 8, 2015
Barclays Bank plc has sold the UK Secured Lending (UKSL) portfolio, to a group led by Goldman Sachs and including Elderbridge (part of the Target Group) and Pollen Street Capital.
Selling Barclays is selling non-core business
The transaction is further evidence of progress in the re-shaping of Barclays Group to focus on its core businesses.
John McFarlane, Barclays chairman said: “We continue to make solid progress in divesting assets from Barclays Non-Core. The sale of UK Secured Lending is further evidence of our ability to reduce these legacy assets, as we target a Risk Weighted Assets figure of around £20bn in 2017.” ■