Barclays said to cut 150 jobs at its investment bank
Move comes as the firm shrinks its fixed-income operations
Mon, Aug 03, 2015 - 5:50 AM
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.
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...