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Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

Barclays Is Ending Its Presence in Africa After 100 Years

Roxanne Henderson
Barclays Is Ending Its Presence in Africa After 100 Years

Barclays Africa Group Ltd. is no more. The lender on Wednesday ditched the name to revert to Absa Group Ltd. as it severs ties with Barclays Plc after the London-based company sold down the controlling stake it bought in 2005. Absa Chief Executive Officer Maria Ramos, 59, in April refocused the lender around four divisions -- retail and business banking, corporate and investment banking, rest of Africa and wealth management and insurance -- in a bid to double its share of revenue from its African operations and regain market share in the South African retail market.

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