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Barclays said to cut 150 jobs at its investment bank

Move comes as the firm shrinks its fixed-income operations

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So far, the revamp of the investment bank has helped boost the shares. Barclays has risen 18 per cent this year, making it the top-performing major UK bank stock.

London

BARCLAYS plc is cutting 150 employees, including managing directors, at its investment bank globally as the firm shrinks its fixed-income operations, according to a person with knowledge of the matter.

Jim McCormick, the London-based global head of asset allocation research