X

Cookies

Continue We want you to get the most out of using this website, which is why we and our partners use cookies. By continuing to use this site, you are agreeing to receive these cookies. You can find out more about how we use cookies here.

Friday, 31 October 2014

Subscriptions  |  evouchers  |  Jobs  |  Property  |  Motors  |  Travel  |  Dating  |  Family Notices

Thousands of bank staff jobs face axe

SCANDAL-HIT banking giant Barclays has said it will be axing at least 3,700 jobs across the UK under a strategic overhaul, but revealed it was paying £1.85bn in bonuses to staff.

P848800
ANTONY JENKINS

Chief executive Antony Jenkins is shutting the bank’s controversial Structured Capital Markets tax advisory division and said 1,800 jobs would go in corporate and investment banking and another 1,900 across its European retail and business arm as part of a plan to slash costs by £1.7bn.

Nearly £2.5bn of cash set aside to cover mis-selling compensation claims contributed to a plunge in pre-tax profits to £246m in 2012 from £5.9bn the previous year.

Some 1,600 jobs have been cut in the investment banking business since the start of the year.

SHARE THIS ARTICLE

North West Evening Mail What's on search










Powered by
nwemail.co.uk/jobs

Hot Jobs

Loading latest hot jobs...
Powered by Zoopla.co.uk






Featured companies

Searching for featured companies...
Search for:

Vote

Are firefighters right to strike so close to Bonfire Night?

Yes

No

Show Result


Go green 36

The Barber's Shop

Choosing a primary school

Kendall Brothers Ltd


To save our contact details direct to your smartphone simply scan this QR code

North West Evening Mail

Evening Mail Going Out