Barclays has confirmed it will cut 2,100 jobs across its investment banking and wealth management brands, with around 500 roles to be made redundant in the UK.
The news comes after the bank revealed it would cut back on 400 IT jobs in Britain earlier this month.
It is believed Barclays will axe positions in Barclays Capital, Barclays Wealth and Barclays Global Investors, but it has yet to confirm how many jobs will go at each business.
The firm says it is making roles redundant to ensure it is 'appropriately sized' for difficult market conditions.
Unions have criticised the bank's plans, saying it was unacceptable for staff to be subjected to a 'lottery of job losses'.
Contact: John Bakie, Tel: 020 7484 9805, e-mail: [email protected]IFAonline
Latest news and analysis
Drip-feed. Blend. De-risk
£92bn transferred since 2015
Achievements, charity work and other happy snippets