Barclays plans to cut hundreds of jobs in investment banking due to underperformance.
Barclays plans to cut hundreds of jobs in its investment banking division due to underperformance. The job reductions, resulting from the company's annual review process, are expected to take place within the next few months. This move comes after a challenging year for the wider banking industry in terms of dealmaking. Barclays aims to prioritize the expansion of its higher-returning consumer bank.
March 20, 2024
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