Barclays to Cut 3,700 Jobs As Part of 'Project Transform'

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Barclays layoffs job cutsBy Steve Slater and Matt Scuffham

LONDON, Feb 12 (Reuters) – Barclays new chief executive pledged a fresh course for the British lender on Tuesday, axing at least 3,700 jobs and pruning its investment bank as he seeks to rebuild its reputation and boost profitability after a series of scandals.

In an attempt to distance the bank from the aggressive, high-risk culture championed by his predecessor, Antony Jenkins said Barclays would put ethics above earnings at the bank, which has become a…

Continue reading Barclays to Cut 3,700 Jobs As Part of ‘Project Transform’

Barclays to Cut 3,700 Jobs As Part of ‘Project Transform’ originally appeared on DailyFinance.com on 2013-02-12T09:17:00Z.

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