This tag is associated with 4 posts

Barclays / Hundreds investment bank jobs cut this week

Barclays Plc has this week cut several hundred jobs in its investment bank as part of its plan to shrink the business by 7,000 staff over the next three years to save costs, people familiar with the matter said.  The cuts will mostly be in the fixed income, currencies and commodities FICC trading and markets … Continue reading

Barclays – To cut 19,000 jobs over three years

As part of a new strategy, the investment part of the bank will lose about 7,000 jobs by the end of 2016.  Barclays’ investment bank has been hit by a slowdown in the demand for government and company debt. Barclays will also set up a “bad bank” which will eventually sell or run down £115bn … Continue reading

Barclays / To cut 3,700 jobs

Scandal-hit banking giant Barclays has said it was axing at least 3,700 jobs under a strategic overhaul, but revealed it was paying £ 1.85 billion sterling in bonuses to staff, RTE Ireland reported on 12 February.  Chief executive Antony Jenkins is shutting the bank’s controversial Structured Capital Markets tax advisory division. He said 1,800 jobs … Continue reading

Barclays / To Cut 2,000 Jobs

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 … Continue reading

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