Published January 24, 2013
HONG KONG – Barclays Plc is firing at least 70 people from its Asian investment banking division, sources familiar with the matter told Reuters on Thursday.
A spokesman for the bank declined to comment.
The cuts form part of a firm-wide strategic review initiated by Chief Executive Antony Jenkins, who took over in August after the departure of Bob Diamond when the bank was fined for interest-rate rigging.
(Reporting By Lawrence White; Editing by Daniel Magnowski)