Barclays to focus on UK, U.S., will cut 1,200 jobs
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Barclays will provide resources to clients in China, Hong Kong, Singapore, Japan and India.
The investment bank will continue to focus on its two home markets in the UK and U.S. and to develop its global franchise. Barclays will close offices in nine countries across Asia, the Americas and EMEA.
In Asia, Barclays will continue to provide resources to clients who have cross-border requirements from offices in China, Hong Kong SAR, Singapore, Japan and India.
Barclays will report its full year results for the year ended December 31, 2015 on March 1, 2016. For this period, Barclays expects to report Investment Bank income broadly flat on the prior year. ■