China Development bank to review ties with Barclays
Former state policy lender China Development Bank will review its strategic ties with Barclays two years after it took up a 3% stake in the British bank for US$3 billion Reuters reported.
Barclays Bank is expected to emerge stronger from the credit turmoil that forced its main rivals in the UK, but also in the US and core Europe to seek government assistance and state participation, according to a leading executive in Cyprus.