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The U.K. Institution Aims for Simplification
Barclays is cutting 7,000 employees from its investment banking group as part of an ongoing effort to become a simplified institution, bank officials announced yesterday. The streamlining, however, will require a retreat from investment banking. “Plans for the investment bank will result in gross headcount reductions of around 7,000 by 2016 across core and non-core,”...
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