Barclays Plans to Close Most of Its Asia Cash Equities Unit

Updated on
  • Around half of positions in Asia equities may be eliminated
  • About 30 jobs in investment-banking team may also be cut
Photographer: Simon Dawson/Bloomberg

Barclays Plc plans to shut most of its cash-equities business in the Asia-Pacific region as Chief Executive Officer Jes Staley pushes to reduce costs, according to people with knowledge of the matter.

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