– Neil Unmack is a Reuters columnist. The opinions expressed are his own —
Wall Street would like you to believe that when investment banks take on risk they are largely doing it for the benefit of investors -- maybe even you and me.
You have to hand it to Barclays. The reported sale of BGI, its fund management arm, to BlackRock for $13 billion is probably the best way that the bank could bolster its capital ratio.
– James Saft is a Reuters columnist. The opinions expressed are his own –