Barclays to sell to Barclays, what a concept

So the British company Barclays Plc decided on Friday to release a statement that essentially said the bank will sell its Black Rock Inc to their glbal investor arm (BGI) and that the transaction is work about 8.8 billion dollars (U.S.) in total net income.

The president of Barclays Robert Diamon siad "Let us deal more comfortable feel. We are in an opportunity rich environment, it has a higher rate of capital is a good thing. We have in no hurry to do anything. "

So some huge international corporations are getting the clue.

Hopefully this will open up the lending market so that we can start getting more personal loans, business loans and any kind of loan that stimulates the economy!