Primary markets to pay bills as trading slashed at Barclays
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 ...Already a subscriber? Login
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