Barclays (BCS) is readying plans to cut over 200 jobs in its investment bank in the coming days as part of plans to boost the division's profitability, Bloomberg reported Monday, citing people familiar with the matter.
Workers in investment banking, global markets and research are expected to be impacted, Bloomberg reported, citing the people, who added that managing directors will be the most senior roles affected.
Barclays did not immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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