Barclays “WANTS TO EXPAND OUTSIDE THE UK” But “REGULATORS MAY PREVENT THEM” From Doing So

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Barclays “WANTS TO EXPAND OUTSIDE THE UK” But “REGULATORS MAY PREVENT THEM” From Doing So

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports Barclays Plc “wants to expand outside the UK” but that “regulators may prevent them from doing this because they want to preserve capital because of the sovereign debt crisis.”

Watch the latest video at <a href=”http://video.foxbusiness.com”>video.foxbusiness.com</a>Excerpts from the report are below.

On Barclays desire for expansion:

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“Sources inside the bank tell us Barclays Plc wants to expand outside the UK; possibly to some of the Canadian banks; RBC, PNC, TD, those are banks that are in very good shape. Regulators may prevent them from doing this because they want to preserve capital because of the sovereign debt crisis.”

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