Barclays said to cut 150 jobs at its investment bank
Move comes as the firm shrinks its fixed-income operations
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, and Sharon Casey, a managing director for interest rate sales in New York, were among the departures, said the person, who asked not to be identified because they weren't authorised to speak publicly.
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