Barclays to expand in Eurozone

Barclays is this week set to announce plans for faster expansion in Spain, Portugal and Italy, taking advantage of local competitors weak position. Antony Jenkins, head of the group’s retail banking operations, is expected to outline the plans for expansion to investors this week. Barclays already has a network in Spain and Italy. During the credit crunch it bought credit card and loan portfolios from rivals including Citigroup.