Barclays Cuts: What it Means for Shareholders

As Barclays announces it is to cut 19,000 by 2016, we examine how the bank has fared since the depths of the credit crisis - and what its prospects are 

Emma Wall 8 May, 2014 | 2:53PM
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Barclays has announced it is cutting 19,000 jobs by 2016, as part of its new strategy, 7,000 of these will be in its investment bank. Barclays (BARC) also revealed details of plans to ring-fence some of its debts in the form of a ‘bad bank’.

Chief executive Antony Jenkins called the plans a “bold simplification of Barclays”.

"We will be a focused international bank, operating only in areas where we have capability, scale and competitive advantage,” he said.

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About Author

Emma Wall  is former Senior International Editor for Morningstar