Barclays To Slash 19,000 Jobs By 2016, Create ‘Bad Bank’

Mani

Published onMay 8, 2014

Updated on May 13, 2021

Barclays PLC (NYSE:BCS) (LON:BARC) signaled a return to its retail roots by slashing much of its investment bank and parking 400 billion pounds of assets in a new ‘bad bank’.

Its carve-up plan will provide enhanced prominence to Barclays’ retail operations in the UK, its Barclaycard credit card arm and its African business.

Jenkins forced to take knife to the investment bank

Last month it was reported that the British bank would announce...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Barclays To Slash 19,000 Jobs By 2016, Create ‘Bad Bank’

Jenkins forced to take knife to the investment bank

Login required to continue reading.

Get Your Business News