Advertise | AdChoices

Barclays consults on job cuts at UK investment bank

Advertise | AdChoices
A man passes automated teller machines at a Barclays bank branch in London
Neil Hall  /  REUTERS
A man passes automated teller machines at a Barclays bank branch in London August 30, 2012. REUTERS/Neil Hall
updated 1/22/2013 12:16:18 PM ET 2013-01-22T17:16:18

LONDON (Reuters) - Barclays has launched a consultation with employees in its investment bank whose jobs are at risk following a strategic review by new Chief Executive Antony Jenkins, it said on Tuesday.

Jenkins, who took over in August, is revamping Barclays following the exit of Bob Diamond when the bank was fined for rigging Libor interest rates.

Recent media reports have said Barclays is expected to cut around 2,000 investment bank jobs as part of a restructuring to be unveiled on February 12.

Banks around the world are axing jobs as they get to grips with high costs and tougher rules that have made them less profitable than in the past.

(Reporting by Matt Scuffham; Editing by Steve Slater)

(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp

Advertise | AdChoices
Advertise | AdChoices
Advertise | AdChoices

Discuss:

Discussion comments

“ ”

Expand Collapse
,
Reply
Advertise | AdChoices
Advertise | AdChoices
Advertise | AdChoices

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Mortgage rates View rates in your area
Mortgage type Today +/- Chart
30 yr fixed mtg 3.98%
15 yr fixed mtg 3.09%
30 yr fixed jumbo mtg 4.33%
Auto rates View rates in your area
Auto type Today +/- Chart
48 month new car loan 2.51%
36 month used car loan 2.76%
36 month new car loan 2.39%
Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.99%
$30K home equity loan FICO 6.19%
$75K home equity loan FICO 5.91%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 10.93%
10.93%
Cash Back Cards 16.34%
16.34%
Rewards Cards 15.80%
15.80%
Savings rates View rates in your area
Savings type Today +/- Chart
Money market account 0.43%
$10K Money market account 0.44%
6 month CD 0.39%
Advertise | AdChoices
Source: Bankrate.com
  1. A man passes automated teller machines at a Barclays bank branch in London
    Neil Hall / REUTERS
    Jump to text

    LONDON (Reuters) - Barclays has launche...

  2. Jump to discussion

    Barclays consults on job cuts at UK investment b...

  3. Jump to data

    See the latest rates around the country

  4. Jump to related

    Careers