Mediobanca 's CEO Alberto Nagel has announced that he expects the sale of banks ' Italian banking branches to its retail division , buy ! , to be completed in 1Q17 . Barclays continues shedding continental European retail banking operations as part of its retreat from businesses that either cannot compete or are unprofitable ; it has already expanded retail banking operations in Europe and Portugal .
Mediobanca's CEO Alberto Nagel has announced that he expects the sale of Barclays' Italian bank branches to its retail division, CheBanca!, to be completed in 1Q17. Barclays continues shedding continental European retail banking operations as part of its retreat from businesses that either lack scale or are unprofitable; it has already sold retail banking operations in Spain and Portugal.