Axe to fall on some Barclays S'pore investment bankers

[SINGAPORE] Barclays investment bankers in Singapore are among those who will lose their jobs as the group axes about 30 per cent of staff at its investment bank division in a retreat to focus on primary markets in the UK and US.

CEO Antony Jenkins told BT last night that while there will be some job cuts here, Singapore remains significant for Barclays.

He said that the 7,000 job cuts - or almost one in three - will be "spread around the world".