Barclays Is Cutting About 100 Senior Jobs at Investment Bank
- British lender is focused on keeping a tight grip on expenses
- Bank is due to report its full-year results in February
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Barclays Plc is embarking on a plan to cut about 100 senior jobs, mostly in trading roles across its corporate and investment bank, as the British lender seeks to rein in costs.
The bank has started trimming mainly managing director and director positions in London and Asian financial hubs, according to people familiar with the matter, who asked not to be identified as the details aren’t public.