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Goldman Sachs may bid for Barclays’ iShares

Goldman Sachs is reported to be preparing a bid for Barclays’ asset management business iShares.

An article in today’s Financial Times claims Barclays is in talks with Goldman as well as three or more other parties about its exchange traded funds arm, which could be valued at as much as £6.5bn.

Other potential bidders include private equity group Bain Capital, a consortium led by buy-out firm Hellman & Friedman and US fund manager Vanguard, according to the FT.

Bids for the iShares are due next week.


My claim change

Jeremy Noble, a mortgage packager and master agent for claim management company Credit Issues, explains how, with mortgages lending at record low levels, many mortgage brokers are looking at other areas to supplement their income. He recounts his experience of finding a new source of work as mortgage lending dried up

Everyone’s a critic

Towards the end of the 1990s, if – and, more often than not, when – a taxi driver asked me what I did for a living, I would answer that I was a financial journalist. “Oh yeah?” the taxi driver would invariably reply. “How’s that different from a normal journalist?” And I would explain: “I didn’t kill Princess Diana.”

Wait for decision on buy to let

Brokers question the feasibility of extending the FSA’s remit to the buy-to-let sector.The review did not lay down any immediate plans for buy-to-let regulation but says it will expand on the issue in its September consultation paper on mortgage conduct of business.It says: “The white paper will consider whether more effective regulation of the mortgage […]


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