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Barclays cuts 5,000 jobs as profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – business live

المصدر: Business | The Guardian · نُشر

Barclays cuts 5,000 jobs as profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – business live
المصدر: Business | The Guardian

UK bank says 1,000 job cuts already done with a further 4,000 to go before year end, driven by advances in AI, French risk premium over German bonds widest since 2011 While overall profits at Barclays jumped 12% to £2.3bn in the three months to September, analysts had expected an

UK bank says 1,000 job cuts already done with a further 4,000 to go before year end, driven by advances in AI, French risk premium over German bonds widest since 2011 While overall profits at Barclays jumped 12% to £2.3bn in the three months to September, analysts had expected an even better performance. Income from fixed income trading slid 19%, worse than a 5% drop among US banks, after a global bond sell-off. I am disappointed and you can be sure this will get my attention.

We are positioning Barclays for the future, building the workforce and skills needed to deliver our strategy and meet the evolving needs of our customers and clients. In doing so we are committed to helping our colleagues develop and build rewarding careers, while meeting the changing needs of customers and clients and ensuring Barclays continues to succeed in the years ahead. Continue reading...

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