Barclays rethinks real estate push in India, other places to cut costs

Barclays isn't the only lender that is trying to take its real estate costs down at a time of squeezed profitability

Barclays Plc is looking to reduce its real estate expenses in the U.K., U.S. and India as the shift to remote working adds fuel to its cost-cutting ambitions.
 

The bank could announce changes early next year although the board has not taken a final decision on the extent and timing of any measures, people with knowledge of the matter said. Further reducing branches in the U.K., which was already being examined before the pandemic, is one option under scrutiny, the people said, asking not to be named discussing private information.

A spokesman at Barclays declined to comment.

Finance Director Tushar Morzaria has