Barclays has launched a consultation with staff in its investment bank whose jobs are at risk following a strategic review by new Chief Executive Antony Jenkins, the bank said on Tuesday.
Jenkins, who took over in August having previously run Barclays’ retail operations, is revamping the bank following the departure of Bob Diamond when the bank was fined for interest-rate rigging.
Media reports have said Barclays is expected to cut around 2,000 investment bank jobs as part of a restructuring to be unveiled on Feb. 12, when the bank publishes its 2012 results.
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via Barclays Plans to Cut 2,000 Investment Banking Jobs.
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