Barclays’ board is parting company with Antony Jenkins, who is being dismissed from the post of chief executive after three years to make way for a CEO that can “accelerate the pace of execution going forward,” according to bank officials. While a search for Jenkins’ successor is underway, his temporary replacement is John McFarlane who… Read More >>
Barclays to Cut 7,000 Investment Banking Jobs
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,”… Read More >>
