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Britain's second largest bank cuts thousands of jobs as part of an overhaul - but reveals it will still pay £1.85bn in bonuses.
Barclays has announced 3,700 job cuts amid plans to cut £1.7bn in costs and improve standards. Of these job losses, 1,800 will be in its corporate and investment bank and 1,900 will be in European retail and business banking. Some 1,600 jobs have already been cut in the investment banking business since the start of the year, Barclays said.......Read more here
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