News Headline Summary

Barclays (BARC LN) CEO says investment bank will remain large and important part of the group

Says:
- Closing structured capital markets unit.
- Staff not prepared to embrace changes must move on.

Update details:

- This comes following the announcement earlier this morning that Barclays are to cut 3,700 jobs.

Reaction details:

- Co. shares are unmoved in immediate reaction to the news; trades GBP 3.14 (+4.30%) last.

Print 10:50, 12 Feb 2013 - FTSE 100 - Source: Newswires