Barclays To Slash 19,000 Jobs By 2016, Create ‘Bad Bank’ – ValueWalk Premium

Barclays To Slash 19,000 Jobs By 2016, Create ‘Bad Bank’

Barclays PLC (NYSE:BCS) (LON:BARC) signaled a return to its retail roots by slashing much of its investment bank and parking 400 billion pounds of assets in a new ‘bad bank’.

Its carve-up plan will provide enhanced prominence to Barclays’ retail operations in the UK, its Barclaycard credit card arm and its African business.
Jenkins forced to . . .

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