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Barclays : nets less than expected from Asia wealth business sale

by November 28, 2016 General

A Barclays bank office is seen at Canary Wharf in LondonBarclays (>> Barclays PLC) completed the sale of its Singapore and Hong Kong wealth management businesses for a less-than-expected $225 million (181.06 million pound), as not all of the bank’s customers chose to transfer their business across to the buyer, Oversea-Chinese Banking Corp (>> Oversea-Chinese Banking Corp. Limited).