Barclays investment bank job cuts to affect up to 2,000, FT reports

theflyonthewall.com

Barclays (BCS) will cut up to 2,000 jobs at its investment bank following the Libor rate-rigging scandal, the Financial Times reports. Sources say the bank has started a consultation process in the U.K. to cut several hundred jobs, and staff in U.S., Europe and Asia will be informed in the next few weeks about further redundancies.

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