Barclays to cut at least 70 jobs in Asia investment banking: sources

Published January 24, 2013

| Reuters

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)

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