Barclays's Africa Choice to Depend on Capital, Ex-Director SaysBy
Bank's profitability eroding in South Africa as economy slows
CEO Staley must decide where capital best deployed, Rake says
Barclays Plc must decide whether its capital is best deployed in Africa amid slowing growth in the continent’s second-biggest economy and a need to further shrink its balance sheet, according to Michael Rake, the bank’s former deputy chairman.
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