Barclays 'may buy Spanish bank'

2011-05-29 21:57:13

29 May 2011 Last updated at 15:04 Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Barclays 'considering buying regional Spanish bank' Barclays has said it will not comment on what was a private discussion Continue reading the main story Big Banking Barclays to sell Blackrock stake Greek losses hit Credit Agricole Bankers win unpaid bonus battle RBS confirms state loan repayment

Barclays is considering buying one of Spain's regional savings banks, it has been reported.

It comes after the Spanish government said Barclays' boss Bob Diamond had met Prime Minister Jose Luis Rodriguez Zapatero in Madrid last week.

The Sunday Times said Mr Diamond was seeking a guarantee that Barclays would not be responsible for any historic debts.

Barclays said it would not comment as the discussions were private.

The Spanish government said the talks focused on the financial markets and the global and European economies.

Spain has a number of regional banks, called cajas. Many are struggling with high bad debt levels after the collapse of Spain's property sector.

Reports have not named which of the regional banks Barclays is said to be looking at.

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