Barclays Africa news and trends

As European Lenders Retreat, Chinese Banks Step In

May 25, 2016
After A Century, Barclays Steps Back From Africa Operations
International // March 01, 2016

For Barclays, the British bank, it’s stiff upper lip time. Shares in the financial powerhouse were down as much as 11 percent on the day in the wake of new strategy initiatives that include a revamped strategy to focus on its U.K.-based consumer bank and...

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As European Lenders Retreat, Chinese Banks Step In

May 25, 2016
The movement by European firms away from owning, operating and committing capital to certain regions globally has left a vacuum of sorts that is being filled by Chinese banks, Reuters reported on Tuesday (May 24). Barclays Deputy Chairman Gerry Grimstone told the newswire that the biggest Chinese lenders may balk a bit about buying assets outright but […]

After A Century, Barclays Steps Back From Africa Operations

March 01, 2016
For Barclays, the British bank, it’s stiff upper lip time. Shares in the financial powerhouse were down as much as 11 percent on the day in the wake of new...