Today the NYTime's Dealbook blog reports that BofA is likely to bid for Barclay's in order to further its international expansion strategy. The source is a Merrill Lynch analyst report released today, excerpted as follows:
Barclays would give BAC the following: 1) a large international
presence in fixed-income-oriented inv. banking including corporate and
high yield debt, structured products, derivatives, syndicated lending
and treasury mgmt services (all of which would be a strong compliment
to BAC’s U.S. investment bank); 2) the leading UK credit card business
(which could be merged with BAC’s UK card business); 3) a large UK
retail and commercial bank (with significant efficiency improvement
opportunities), and 4) the leading global indexed asset mgmt and ETF
business.
More commentary and links to articles on DealBook, here.
During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.