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Barclays builds up Asia business, sees growth in India, Australia

The British lender has been re-building its Asian business after a global restructuring in 2016

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Barclays, which recently made big investments in India and Australia and set up a Taiwan subsidiary in July, is evaluating entering new markets but is focused on building up its franchises, its top regional executive said.
 
The British lender has been re-building its Asian business after a global restructuring in 2016, which took a heavy toll on its operations in the region, leading to job cuts, exits from many markets and the shutdown of its Asian cash-equities unit. 
 
“For now, we have our hands full. The macroeconomic environment is also not one that really favours aggressive investment at this point

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