Barclays to keep "very significant" investment bank - CEO
LONDON (Reuters) - Barclays (BARC.L) will keep a large and "very significant" investment bank as part of a slimmer universal bank, its new chief executive said on Thursday.
"Barclays will continue to be a universal bank and it will continue to have a very, very significant and large investment bank as part of that universal banking model," Antony Jenkins, who took over as CEO at the end of August, told CNBC in an interview from Davos on Thursday.
Jenkins is expected to cut hundreds of job cuts in the investment banking arm as part of a broader restructuring across the bank as part of a strategic review on February 12.
- Tweet this
- Share this
- Digg this
- Taxis, planes and viruses: How deadly Ebola can spread
- Israel looks for missing soldier; Hamas says he may have been killed |
- Experts recover human remains at Ukraine crash site despite new fighting
- Campaign for an independent Scotland stalls before historic vote
- Gaza truce over, Israel soldier captured, 70 dead in Rafah shelling |