Barclays cuts Europe and Asia equities and IB, refocuses on FICC and home markets

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Barclays cuts Europe and Asia equities and IB, refocuses on FICC and home markets

Barclays on Tuesday reaffirmed its commitment to its investment bank while announcing that it was cutting businesses and refocusing on its core markets of the UK, the US and Africa. European and Asian equities and investment banking units will be shrunk, as will commodities and emerging markets fixed income trading.

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