Barclays wields jobs axe again
Barclays looks set to axe hundreds more jobs, mainly at its investment banking arm. Chief executive Antony Jenkins said its latest review, due on May 8, two days after its trading update, will likely mean hundreds of job cuts.
They follow plans announced earlier this year by the bank to slash 12,000 posts. Mr Jenkins warned staff regulation and the wider economy were having a "significant effect on some parts of our business which we need to address".