We've heard this all before but rumors are once again flying that Barclays may be a takeover target by one of several Spanish banks.
Spain's BBVA (BBVA.MC: Quote, Profile , Research) and Banco Santander (SAN.MC: Quote, Profile , Research) and Bank of America (BAC.N: Quote, Profile , Research) were rumored as possible buyers, according to several dealers. All have been linked with Barclays before.
"Could it happen? Yes. Is it likely? Probably not. But the type of market we're in at the moment everybody is very jumpy about anything that might have a bid story to it," said Colin Morton, fund manager at Rensburg Fund Management.
The only problem we see with this is that it might take all the fun out of the traditional British banker's holiday in Spain. Who wants to vacation in you boss's backyard?
Bid talk propels Barclays shares higher: traders [Reuters]