Aug. 12 (Bloomberg) -- The new chairman of Barclays Plc, David Walker, will review pay policies and the balance between retail and investment banking, according to the Sunday Times.
The investment-banking unit, formerly known as Barclays Capital, may be cut by as much as 20 percent, the newspaper reported, citing people it didn’t identify.
Perry Jones, a London-based spokesman for Barclays, declined to comment when contacted by Bloomberg News today.
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