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 - Equities Important - Source: Newswires

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: