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Barclays Capital trims investment banking jobs-paper

Sat Jun 7, 2008 9:25am EDT

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LONDON, June 7 (Reuters) - Barclays Capital (BARC.L) is cutting around 100 investment banking and IT support jobs in London, the Independent reported on Saturday.

Some of the positions would go from its leveraged finance desk, one of the areas hit hardest by the global credit crunch, the paper said.

A Barclays Capital spokesman declined to comment, but a source at the bank said fewer than 100 staff were affected.

The investment bank, part of Barclays Bank, employs more than 16,000 staff worldwide.

Last month Swiss bank UBS said it was axing 5,500 jobs on top of 1,500 already completed as it seeks to recover from the sub-prime crisis, while Citigroup looks set to shed 15,000 jobs. (Reporting by Tim Castle)



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