would seek approval for the possible buy back at its annual
shareholder meeting in London on Friday, Chairman Douglas Flint
separately said at the bank's informal shareholder meeting in
The bank's share price in London has fallen around 30 percent
since it announced in June that it is significantly expanding
its business in Asia by redeploying up to $230 billion of assets
saved from cost-cutting elsewhere into the region.
Since then a slowdown in China's economic growth meant it has
been slower than some analysts expected to redeploy those
The bank's management said in November that it would consider
returning funds from its cost-savings to shareholders if it was
not able to redeploy all of those assets but could comfortably
meet its regulatory capital requirements.
(Reporting by Sumeet Chatterjee; Additional reporting by Rachel
Armstrong; Editing by Lisa Jucca and Muralikumar Anantharaman)
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