Barclays could sell US wealth management unit

Barclays could sell US wealth management unit

Barclays could sell US wealth management unit The wealth management unit of Barclays America, part of the former Lehman Brothers, could be sold according to Fox Business. The news outlet reports that managers have been telling brokers that the unit could be sold as Barclays slims down under regulatory pressure. Barclays America hasn’t denied the reports but has said that it is looking at strategic options for its business.