Barclays’ group chief confirms exit of Asian private bank

2 March 2016 | 2 minutes read

The UK lender’s group CEO has confirmed robust speculation that the bank intends to sell its Asian wealth management business, with various bidders said to be frontrunning, while announcing a net loss in 2015 for the bank of £394 million (US$547 million). “We are leveraging the track record and expertise of our non-core management team by making a one time expansion…

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