LONDON Jan 22 Barclays has launched a
consultation with employees in its investment bank whose jobs
are at risk following a strategic review by new Chief Executive
Antony Jenkins, it said on Tuesday.
Jenkins, who took over in August, is revamping Barclays
following the exit of Bob Diamond when the bank was fined for
rigging Libor interest rates.
Recent media reports have said Barclays is expected to cut
around 2,000 investment bank jobs as part of a restructuring to
be unveiled on Feb. 12.
Banks around the world are axing jobs as they get to grips
with high costs and tougher rules that have made them less
profitable than in the past.