Barclays To Retreat From Nine Countries To Focus On US And UK

HFA Padded
Mani
Published on
Updated on

Barclays has announced it will close offices in nine countries around the world, as the UK bank aims to refocus its investment bank on the U.K. and the U.S. The firm outlined its plans to trim up to 1,200 staff by closing several operations, with the Asia Pacific region bearing the brunt of the cuts. Two-thirds of Barclays’ cuts will hit its Asia operations The UK-based lender said it will pull out of Australia, South Korea, Taiwan, Indonesia, Malaysia, Philippines and Thailand. In a letter and memo sent to staff, Barclays indicated that it will also exit from Brazil and…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports