Barclays (BCS) is exploring a return to the cash equities sector in Japan, roughly ten years after departing the market, Bloomberg News reported Tuesday, citing people familiar with the matter.
The talks are in their initial phases, and a definitive conclusion has not been reached, the news outlet quoted the people as saying.
The potential reentry follows a prior departure that cut 120 regional roles and reduced the bank's physical office footprint in Tokyo, Bloomberg News reported.
Barclays did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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