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Barclays to ax 3,700 jobs as new boss lays out revival

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LONDON (Reuters) – Barclays is axing at least 3,700 jobs and pruning its investment bank as its new boss put his stamp on the troubled British bank by aiming to cut 1.7 billion pounds ($2.7 billion) in annual costs and raise standards after a series of scandals.

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Post Published: 12 February 2013
Found in section: Finance