Barclays (BCS) Considers Bidding for SocGen's UK Private Bank

As part of its efforts to expand business, Barclays PLC (BCS) is eyeing Societe Generale’s (SCGLY) U.K. private bank. Per a Reuters report, citing three people familiar with the matter, BCS is in the early stages of considering a bid.On Feb 20, BCS will announce a new group strategy (aimed at streamlining its business model and generating more sustainable returns for less risk), along with its full-year results.The bank’s move to bid for SocGen’s British private bank would complement the above-mentioned str ...