Barclays Plc is exploring cutting ties with some of its less profitable investment banking clients as the bank’s management team considers options to overhaul the bank, according to the FT.
Executives are mulling trimming clients that don’t transact with Barclays enough to earn a good return, the Financial Times said, citing several people familiar with the discussions. That could mean ending relationships with more than 2,500 customers out of a total of over 10,000, the paper said, while noting that a person close to Barclays said the figure was lower.
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