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Barclays’ rumoured sale of Asia wealth arm gathers steam

Three months after this publication first reported that Barclays’ private banking business in Asia is up for sale, the British lender is allegedly hiring investment firm Lazard to advise on any potential deal, believed to be valued at some US$500 million. When contacted, a Barclays spokesperson declined to comment on the matter. The news came just one day after the…

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