--Barclays is considering a bid for Societe Generale's U.K. private bank Kleinwort Hambros, Reuters reports citing unnamed sources.

--SocGen has started inviting bidders to take part in an auction for its Kleinwort Hambros unit, according to Reuters. Among those invited to bid are Lloyds Banking Group and the two wealth managers Rathbones and Raymond James, Reuters reports.

--Kleinwort Hambros, with assets under management exceeding 12 billion pounds ($15 billion) in 2022, could be valued at GBP700 million if sold, according to Reuters.

--Barclays, SocGen declined to comment when requested for comment by Dow Jones Newswires.

Full story: http://tinyurl.com/msnkvk8a

Write to Ian Walker at ian.walker@wsj.com or Helena Smolak helena.smolak@wsj.com

(END) Dow Jones Newswires

02-15-24 1118ET