Barclay expected to return to Asia and Middle East two years after leaving the region



Barclay's high-end bank is eyeing a return to Asia and the Middle East less than two years after it sold out of the region.
The lender sold its Asian private bank – which targets wealthy customers – to Singapore’s Overseas-Chinese Banking Corporation in 2016 as part of chief executive Jes Staley’s plan to focus on the US and UK. 
But with the geographical market worth an estimated £3.7 trillion thanks to a surge in the newly-enriched middle classes, senior figures are reportedly plotting to return.
European and US lenders are rushing to grab a share of the increasingly affluent market in... read more

 
28 November 2017 in Business, Views: 58
Source: Daily Mail
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