Barclays is reviewing its relationship with Indian conglomerate Gautam Adani after the Hindenburg report, lowering its exposure and renegotiating some loans. This has created tensions within the firm, with the Indian bankers keen to quickly return to the lucrative partnership which has been a key driver of Barclays’ Asian growth for years, while executives in London are more cautious.
Adani’s go-to bankers at Barclays turn cautious after Hindenburg report
Barclays is reviewing its relationship with Indian conglomerate Gautam Adani after the Hindenburg report, lowering its exposure and renegotiating some loans. This has created tensions within the firm, with the Indian bankers keen to quickly return to the lucrative partnership which has been a key driver of Barclays’ Asian growth for years, while executives in London are more cautious.