Investment Banking

Barclays weighs bid for Societe Generale’s UK private bank

Kleinwort Hambros is up for grabs, according to reports

Barclays is a potential candidate for the £12bn business
Barclays is a potential candidate for the £12bn business Photo: Jason Alden/Getty Images

Barclays is considering a bid for Societe Generale's UK private bank Kleinwort Hambros, Reuters reports citing unnamed sources.

SocGen has started inviting bidders to take part in an auction for its Kleinwort Hambros unit, according to Reuters. Among those invited to bid are Lloyds Banking Group and the two wealth managers Rathbones and Raymond James, Reuters reports.

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