No new target for job cuts at Barclays: sources

Bengaluru, India

BARCLAYS has set no new targets to cut jobs beyond the 19,000 redundancies which it announced in May last year, sources familiar with the matter said on Monday, playing down a report of further reductions.

The Times newspaper reported that the bank was planning to cut more than 30,000 of its staff within two years as it considers accelerating a cost-cutting programme following the departure of chief executive Antony Jenkins.