Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Barclays to cut 2,000 jobs in restructure

1 Comment
Barclays to cut 2,000 jobs in restructure

Barclays is to cut up to 2,000 jobs in its investment arm as part of a restructure of the bank, according to the Wall Street Journal.

It said the cuts were likely to fall within the bank’s Asia and continental Europe divisions, as the bank looks to protect its US and UK wings.

Chief executive Antony Jenkins has been working on an overhaul of the business, which results set to be unveiled in February. Rich Ricci, who leads the bank’s investment arm, is leading the review of that division.

According to the paper, the recommended job cuts haven’t been endorsed by Jenkins or the Barclays board, and the final number could be affected by Jenkins’ review. It added that some senior executives were pushing for larger cuts.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Commodity conundrum, beleaguered bonds and a US dilemma

Commodity conundrum, beleaguered bonds and a US dilemma

This week’s episode of Investment Pulse looks at the impact of falling commodity prices on banks, dangers of negative yield curves and whether US equities can continue to deliver.

Play Mirabaud's Pyshkin: The US will continue to grow dividends

Mirabaud's Pyshkin: The US will continue to grow dividends

The global equity income manager has invested half of his fund here.

Play Potential US rate rise, cheap oil & the Europe opportunity

Potential US rate rise, cheap oil & the Europe opportunity

This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.  

Wealth Manager on Twitter