British banks could benefit from US-China trade war: Barclays chairman [CNBC]
IPATH US TREASURY LONG BOND BE (DLBS)
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Source: CNBC
British banks could benefit from US-China trade war: Barclays chairman British lenders may stand to gain as Washington and Beijing go head to head over trade tariffs , according to one of the world's largest banks. When asked if American banks would face reduced market access to China in light of escalating trade tensions, Gerry Grimstone, chairman of Barclays Bank PLC , said: "I hate to say so but I think it's right." If Beijing targets U.S. banks in that manner, British institutions may get ahead of their American rivals in the world's second-largest economy, Grimstone told CNBC's Nancy Hungerford at the annual Barclays Asia Forum in Singapore. "I was speaking at a forum earlier this year and they [the Chinese] put the Goldman Sachs chairman in a hotel as far as possible away from the conference location ... So in little ways like that, China makes their displeasure known." Goldman Sachs did not immediately respond to a request for comment on Grimstone's statement. Grimstone, who i
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