Barclays sells Spanish businesses

Barclays Bank has agreed to sell part of its Spanish business for £633m to the country's third largest lender CaixaBank.

The sale includes Barclays' retail, wealth management and corporate banking business in Spain.

In a statement, Caixa said the deal involved 270 branches and approximately 555,000 new clients.

Barclays is reorganising its business by cutting jobs and selling off parts of its European operations.

In May, it announced plans to cut 19,000 jobs by 2016, of which 9,000 will be in the UK, as well as to create a "bad bank", which included its retail banking operations in Spain, Portugal, Italy and France.

The idea behind the "bad bank" was to

Successful executives and the four-hour sleep myth

For Gregory McKee, getting a good night’s sleep is as important as eating right and exercising regularly. If he doesn’t get eight hours of shuteye, the founder and managing director of La Jolla, California-based STS Capital Partners will have trouble functioning the next day.

Seven or more hours' sleep a night boosts the benefits to the heart of a healthy lifestyle, research suggests.

Two months ago, McKee took an overnight flight across the country for a meeting. He barely slept. By mid-afternoon he was disengaged and he kept leaving the room to get more coffee and soda. He couldn’t make out a word of his sleep-deprived notes when