20th Jan 2016 21:36
LONDON (Alliance News) - Barclays PLC is set to announce a further 1,000 job cuts in its investment bank, with a particular focus on its Asia operations, the Financial Times reported.
The cuts, which may be announced as early as Thursday, will be presented as an extension of the restructuring plan put in place by Antony Jenkins, the former Barclays chief executive, as Jes Staley, his replacement, continues to thin out the investment banking business.
Barclays is planning to exit most of its investment banking operations across Europe, Asia and Latin America as it refocuses its energies on its core US and UK markets, the FT said, citing sources familiar with the matter.
https://next.ft.com/content/dfc5f42e-bf9a-11e5-9fdb-87b8d15baec2
By Sam Unsted; [email protected]; @SamUAtAlliance
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