Barclays private clients international takes top spot according to KPMG report
KPMG"s review of the Isle of Man banking sector has seen substantial changes as a result of corporate activity in the UK. The Isle of Man banking industry is heavily dependent on licensing offshore arms of UK and Irish banks and in the latest public figures for 2002 Barclays Private Clients International took over the top spot from Isle of Man Bank. Barclays reorganised its offshore arms in 2002 to create its headquarters and license in the Isle of Man. The bank already had a substantial presence on the island, employing 300-400 people, but the restructuring moved £5bn of deposits to the ...
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