5th Jan 2016 09:18
LONDON (Alliance News) - Barclays PLC is planning to shut down its Indian equities business as part of a cost-cutting effort designed to boost profit for the bank in the South Asian country, Reuters reported.
Two sources with direct knowledge of the plan told Reuters the equities unit in India employs around two dozen people and includes research and broking services for institutional clients.
http://uk.reuters.com/article/uk-barclays-india-idUKKBN0UI1L320160104
By Sam Unsted; [email protected]; @SamUAtAlliance
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