Barclays to shed 7,000 jobs in investment arm of bank

Print this page

Thursday, 08 May 2014 09:56

Barclays to shed 7,000 jobs in investment arm of bank

Barclays logo

An overhaul of Barclays is to set to result in the shedding of 7,000 jobs in the investment part of the bank by 2016.

There will be 14,000 jobs cut this year as the bank makes major changes including establishing a 'bad bank' to sell or run down non-core operations.
{desktop}{/desktop}{mobile}{/mobile}
The bank said it has "repositioned, simplified and rebalanced" its business.
The wealth and investment business will remain part of the core Barclays international bank.
Chief executive Antony Jenkins called it a "bold simplification of Barclays".

Last modified on Friday, 09 May 2014 09:34

Tweet

This page is available to subscribers. Click here to sign in or get access.

Published in Articles

Tagged under

Barclays
investment

Related items

‘Barnstorming’ ISA season boosts platform market
‘Finfluencers’ fading as investors turn to professional advice
US equities are top performers in 2023 as UK lags behind
‘Best in class’ fund managers recognised in awards
Odey Asset Management to wind down