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Monday, March 16, 2009

Selling the crown jewels?

Barclays shops ETF unit in 'game-changing' move

Bidders could include Goldman, others looking for foothold in business

By John Spence, MarketWatch
BOSTON (MarketWatch) -- Barclays, the troubled British bank, shook up the exchange-traded fund world on Monday when the pioneer in the booming industry said it is looking to sell its iShares business, and analysts said the company would make an attractive target for a big U.S. bank or money manager.

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