Barclays slashes jobs at investment banking division

Barclays is reportedly to lay off about 1,000 people from its investment banking division.

The harsher-than-expected cuts are revealed in an internal memo seen by news agencies. Staff sources also confirmed they had been told about the changes.

The British bank will shut its investment banking businesses in countries including Australia, Indonesia, Malaysia, the Philippines, South Korea, Taiwan and Thailand, as well as cut back in Europe, the Middle East, Latin America and Russia. Those markeā€¦

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