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Barclays CEO Staley Eyes China for Investment Bank Expansion

  • CEO also revives profit goal that faded during pandemic
  • Bank retreated from Asia in 2016 after Staley took charge

Barclays Plc Chief Executive Officer Jes Staley is looking at expanding in Asia, reversing some of the lender’s painful retreat from the region five years ago.

“I’m very comfortable with the size and scale of our investment bank,” Staley said on Tuesday at the Morgan Stanley European Financials Conference. “The only thing that I would sort of tweak is one of the difficult decisions that we took to manage the restructuring in 2016 and 2017. We pulled pretty heavily back on Asia.”