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URGENT ¥¥¥ Barclays bank says to cut at least 3,700 jobs this year


Barclays on Tuesday said it planned to cut at least 3,700 jobs this year, as the British bank hit by the Libor rate-rigging scandal added that it had plunged into an annual net loss.

Barclays said it in a statement that it would "reduce headcount by at least 3,700 across the group, including 1,800 in the Corporate & Investment Bank and 1,900 in Europe Retail and Business Banking."