Barclays’s bankers in Asia are feeling nervous. Talk of swathing job cuts in the coming weeks has many of them looking for a way out, say people familiar with their thinking.
Barclays plans to scale-back its 24-person strong India equities business and is mulling the sale of its Asian wealth management division, according to a variety of well-placed industry sources. Layoffs are most likely in cash equities and equities research across Asia, including Japan and areas of the region where the bank is sub-scale, they said.
One person familiar with the matter told FinanceAsia that more clarity on job cuts and the British bank's...
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