Barclays confirmed this morning that it has agreed to sell Barclays Global Investors to BlackRock in a deal that valued its asset managemnt arm $13.5bn (€9.6bn). Financial News has collated comments from analysts and investors on what the deal means for the UK bank.

Analysts agreed with Barclays' estimate that the deal will improve its core tier-one capital ratio, the proportion of a company's debt to its available capital, to 8%. That improved capital ratio, and the recent price rally in Barclays shares, has contributed to a positive spin from some analysts, although not all commentators were so impressed with the deal.