Barclays is not in discussions to sell Barclays Global Investors, an unnamed source told Reuters. The comment came after Alphaville, FT.com's blog, reported Thursday that Barclays was in "detailed discussions" with a consortium buyer to sell BGI for about 5 billion pounds ($7.14 billion).

Reuters' source said the bank was not looking to sell BGI.

BGI ended 2008 with $1.5 trillion of AUM.  

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