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UK banks and the State

Barclays de-risk deal leaves analysts puzzled

By Jane Croft and Sam Jones

Published: September 16 2009 22:20 | Last updated: September 16 2009 22:20

Barclays’ deal to sell more than $12.3bn (£7.4bn) of risky credit assets to a new company to try to de-risk its balance sheet seemed to puzzle analysts on Wednesday.

Newly-formed Protium Finance – a fund that will be run by asset management firm C12 – will buy and manage structured credit assets from Barclays.

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