VIDEO: BARCLAYS TO CUT 7,000 JOBS

Barclays is to cut 7,000 jobs from its investment banking division by 2016 as part of a strategy review.

BARCLAYS TO CUT 7,000 JOBS
BARCLAYS TO CUT 7,000 JOBS

The bank has already announced job losses across the group of 12,000 for this year, but this has been increased to 14,000 as a result of the investment bank changes announced today. It brings the total cuts by 2016 to 19,000.

BARCLAYS TO CUT 7,000 JOBS