News Headline Summary
Barclays (BARC LN) CEO says investment bank will remain large and important part of the group
- Closing structured capital markets unit.
- Staff not prepared to embrace changes must move on.
Reaction details (10:53)
- Co. shares are unmoved in immediate reaction to the news; trades GBP 3.14 (+4.30%) last.
Analysis details (10:51)
- This comes following the announcement earlier this morning that Barclays are to cut 3,700 jobs.
12 Feb 2013 - 10:49
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts