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Barclays to close most of Asia-Pacific cash equities business: sources

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NEAR EXIT: The closure of most of the cash equities business is part of Barclays' plans to eliminate 50 per cent of jobs at the wider equities unit in the region.

Hong Kong

BARCLAYS plc plans to close most of its cash equities business in the Asia-Pacific region as chief executive officer Jes Staley pushes to reduce costs, according to people familiar with the matter.

The near-exit from cash equities is part of plans to eliminate about 50

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