Barclays Said to Plan Further 20% Investment Bank Job CutsBy
Bank said to focus job cuts on Asia, global cash equities
Reductions come on top of existing cost-cutting program
Barclays Plc may cut an additional 20 percent of investment bank staff, with most of the losses in Asia and the global cash equities business, as Chief Executive Officer Jes Staley seeks to shore up profitability, according to people with knowledge of the decision.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.