LONDON (AP) Barclays Group says it will complete its
restructuring six months earlier than planned as it sheds risky
assets and focuses on consumer, corporate and investment banking
in New York and London.
Barclays now plans to close its non-core unit at the end of June
after reducing its stake in Barclays Africa to 12.2 percent and
agreeing to legally separate the business.
The bank says its core businesses posted fourth-quarter net
income of 649 million pounds ($808 million), compared with a loss
of 1.24 billion pounds a year earlier. Group net income,
including the non-core business, was 99 million pounds versus a
loss of 2.42 billion pounds.
CEO Jes Sta…
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