Primary markets to pay bills as trading slashed at Barclays

By Jon Hay, Owen Sanderson
07 May 2014

CEO Antony Jenkins praised Barclays as a bond arranger, leveraged finance, advisory and ECM house on Thursday, while simultaneously announcing 7,000 job cuts, to fall mainly on front-office trading businesses.

Barclays announced heavy job losses at its investment bank on Thursday, as well slashing risk-weighted assets and capital allocated to the division, in a bid to push return on equity at the division over 12%.

But while the markets division is likely to bear the brunt of the ...

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