Barclays lets go some Singapore staff as bank said to cut over 1000 jobs worldwide
[SINGAPORE] Barclays has let go some of its employees in Singapore, part of the global job cuts the British bank is reportedly conducting.
Media reports overnight said that Barclays is cutting over 1,000 jobs worldwide, of which 230 will be in Asia as the bank scales down its regional operations. A source close to Barclays Singapore, which has about 3,200 staff, confirmed the reports, adding that more than 10 jobs were cut in the equities and local market rates teams.
Read the full story here.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say