Barclays working on $1.25 bln cost plan, could cut up to 2,000 jobs 


Human Interest

Reuters was first to report that Barclays (BARC.L) is working on plans to save up to 1 billion pounds ($1.25 billion), which could involve cutting as many as 2,000 jobs, mainly in the British bank’s back office.  

Market Impact

Barclays’ share price has fallen 26% since Venkat took charge on Nov. 1, 2021, while Deutsche’s shares are little changed and HSBC’s (HSBA.L) have gained 37%. 

Article Tags

Topics of Interest: Human Interest

Type: Reuters Best

Sectors: Business & FinanceFinancial Services

Regions: Europe

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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