Barclays has threatened "substantial" job cuts in its London investment bank, ahead of a review of its operations by new chief executive Antony Jenkins.
According to a report by Sky News, the bank has put the London-based employees of its investment banking arm on notice ahead of severe cuts. All areas of its investment bank are under review, with the completion date for the consultation due in the first half of February. The consultation is part of a review of the bank's operations conducted by Jenkins (pictured) after taking over the position of chief executive from Bob Diamond, who was forced out by the LIBOR fixing scandal. Jenkins has said Barclays will remain "a universal bank", but restoring its tarnished reputation will lik...
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