{"id":194112,"date":"2016-02-29T06:19:12","date_gmt":"2016-02-29T06:19:12","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=194112"},"modified":"2016-02-29T06:19:12","modified_gmt":"2016-02-29T06:19:12","slug":"barclays-bank-to-shut-its-doors-in-africa","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=194112","title":{"rendered":"Barclays bank to shut its doors in Africa"},"content":{"rendered":"<p style=\"text-align: justify;\">Barclays PLC (BARC.L) Chief Executive Jes Staley has decided to shut the bank&#8217;s operations in Africa, the Financial Times said on Friday, citing sources familiar with the matter.<\/p>\n<p style=\"text-align: justify;\">The bank&#8217;s board took the decision last week at a review led by Staley and plans to announce the exit on Tuesday, the FT said. (bit.ly\/1Ljam8V)<\/p>\n<p style=\"text-align: justify;\">The board has appointed a subcommittee to study how and when to sell Barclays Africa (BGAJ.J), the FT said.<\/p>\n<p style=\"text-align: justify;\">No comment was immediately available from Barclays.<\/p>\n<p style=\"text-align: justify;\">Staley&#8217;s review came after South African President Jacob Zuma decided to change his finance minister twice in less than a week at a time when the economy is under severe stress.<\/p>\n<p style=\"text-align: justify;\">Barclays&#8217; African business had 36 billion pounds of assets on a risk-adjusted basis and made a profit of 791 million pounds in the first nine months of this year, or 13 percent of the bank&#8217;s core profits.<\/p>\n<p style=\"text-align: justify;\">&#8211;<\/p>\n<p style=\"text-align: justify;\">Source: Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barclays PLC (BARC.L) Chief Executive Jes Staley has decided to shut the bank&#8217;s operations in Africa, the Financial Times said on Friday, citing sources familiar with the matter. The bank&#8217;s board took the decision last week at a review led by Staley and plans to announce the exit on Tuesday, the FT said. (bit.ly\/1Ljam8V) The [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[32,107],"tags":[],"class_list":["post-194112","post","type-post","status-publish","format-standard","hentry","category-business","category-international"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/194112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=194112"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/194112\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=194112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=194112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=194112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}