Barclays' role as sole adviser to Germany's Commerzbank this week on the largest disposal of real-estate backed loans since the financial crisis, was another feather in the cap for the UK bank's financial institutions team in Europe.

Wells Fargo announced on Monday that it would acquire a £4 billion portfolio of loans from Commerzbank. A portion of the portfolio worth £1.3bn, which is described as non-performing, will be acquired by Lone Star with Wells Fargo providing the financing for that acquisition.