Barclays and Wells Fargo Discussed Merger

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003083-barclays-and-wells-fargo-discussed-merger/

Shares in UK banking group Barclays have risen on Monday following a weekend press report that it had held merger talks with US bank Wells Fargo.

A tie-up between Barclays and California-based Wells Fargo would create the world’s fourth biggest bank, valued at $180bn.

Barclays has declined to comment on the report in the Sunday Express, saying it does not respond to market speculation.

The two banks reportedly held talks in October and November 2004.

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