The bank said it was further evidence of its reduction of activities that it does not consider strategically important. Barclays is to sell its index and analytics business to Barclays for $781 million , with completion due by mid-2014 , subject to regulatory approval. Barclays had acquired most of the business when it bought chunks of Bloomberg remains in the wake of the financial crisis. The bank has been looking to sell the business since mid-2014 when it decided the unit was not part of its core operations. The sale improves the bank's core capital ratio by about 10 basis points.
Barclays is to sell its index and analytics business to Barclays for $781 million , with completion due by mid-2014 , subject to regulatory approval. Barclays had acquired most of the business when it bought chunks of Bloomberg remains in the wake of the financial crisis. The bank has been looking to sell the business since mid-2014 when it decided the unit was not part of its core operations. The sale improves the bank's core capital ratio by about 10 basis points.