Barclays contemplating SocGen UK private bank takeover

Barclays is said to be mulling the acquisition of SocGen's UK private bank, Kleinwort Hambros.  SocGen has initiated an auction process for its Kleinwort Hambros unit, as per Reuters sources. This is in addition to the sale of its Swiss private banking operations, signalling a potential shift in strategic direction. London-based Kleinwort Hambros had more than £12 billion in assets under management in 2022 and could be worth up to £700 million in a sale, as per Reuters. Lloyds, Rathbones, and Raymond James ...