Barclays CEO Deepens Cuts at Investment Bank: Key Points

  • Bank to close offices in nine countries, primarily in Asia
  • About 1,200 staff to lose jobs in CEO Staley's cost drive

Jes Staley.

Photographer: Scott Eells/Bloomberg

Barclays Plc is cutting 1,200 jobs at the investment bank, exiting businesses and closing offices in countries around the world in Chief Executive Officer Jes Staley’s first move to bolster profitability. The following is based information provided by people with knowledge of the matter and memos seen by Bloomberg.

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