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

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(Globalpost/GlobalPost)

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."

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http://www.globalpost.com/dispatch/news/afp/130212/urgent-barclays-bank-says-cut-at-least-3700-jobs-year