All articles tagged with #strategy review
Barclays CEO defended the firm's investment banking division, indicating that the ongoing strategy review may not lead to major changes. He emphasized the unit's success and stated that the focus will be on improving efficiency, potentially disappointing investors expecting a more radical shake-up.
Barclays is reportedly planning to cut hundreds of jobs as part of its cost reduction efforts and wider strategy review. The bank may cut as many as 400 jobs in its domestic retail business, while also considering cuts in its investment banking division. The job cuts in the investment bank are said to be part of the annual assessments of banker performance and are not related to the retail cuts. Barclays' CEO is conducting a strategy review amid investor dissatisfaction with the bank's underperformance compared to Wall Street investment banks.