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 the first quarter of the next financial year. 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.
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.