Barclays shares have jumped after the bank announced it will cut 3,700 jobs this year following a strategic review, as pre-tax profits plunge due to mis-selling claims.
The cuts will include 1,800 jobs at its investment bank and 1,900 in European retail and business banking. Barclays currently employs 140,000 staff. It said the job cuts would result in a restructuring...
Acquired platform from AXA UK
Replaced by chief revenue officer Martin Stead
Nearly 18 years at the firm
Acquisition will add £12bn assets
Big plans for EMEA region