"A major transformational buy" could be in the cards for Barclays (BCS +1.3%) as it considers...

|About: Barclays PLC (BCS)|By:, SA News Editor

"A major transformational buy" could be in the cards for Barclays (BCS +1.3%) as it considers acquiring a Julius Baer-sized wealth management business to jump into private banking's top five. The No. 5 wealth manager, J.P. Morgan, manages $600B in assets; Barclays Wealth manages about $230B.