NEW YORK ( TheStreet) -- Barclays ( BCS), the U.K. bank, is looking for a major acquisition in the U.S., a report says.

Barclays is looking to acquire a retail bank at a good price that would give it more deposits and build on the presence of Barclays Capital in the U.S., the Wall Street Journal reports, citing people close to the matter. Barclays is assessing possible targets, but no deal is imminent as the bank is focused only on reconnaissance right now, the newspaper adds.

Barclays bought Lehman Brothers North American operations in 2008.

Barclays officials aren't trying to get a foothold in a specific geographic market, the Journal reports. Instead, they are more interested in acquiring a franchise with a strong branch network and deposit base, according to people familiar with the matter.

The bank also is reviewing additional retail acquisitions in Western Europe, the people said.

-- Written by Joseph Woelfel in New York.

Follow TheStreet.com on Twitter and become a fan on Facebook.

More from Stocks

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker