20th Jan 2016 16:21
LONDON (Alliance News) - Barclays PLC has begun a new round of job cuts at the group's investment banking arm, Bloomberg News reported on Wednesday, citing a person with knowledge of the matter.
The job cuts will affect staff in New York, London and across Asia, the report said, while the bonus pool for the investment bank could be shrunk by at least 10% from the previous year. However, the decision on compensation is not final.
Shares in Barclays were down 4.2% at 181.95 pence on Wednesday afternoon.
http://www.bloomberg.com/news/articles/2016-01-20/barclays-said-to-cut-investment-bank-jobs-in-london-new-york
By Samuel Agini; [email protected]; @samuelagini
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