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Barclays May Exit Africa

Barclays Africa Group shares slid almost 7 percent Monday as speculation mounts that Barclays could be withdrawing or seriously downsizing from Africa. On Sunday, its board was evaluating strategic options for its 62.3 percent, or $8.3 billion, stake in the business. Details about its plans are expected to be disclosed Tuesday, when Barclays reports full-year results. The decision is part of a plan by Barclays' new CEO, Jes Staley, to refocus the bank on a narrower range of...

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