Agence France-PresseFebruary 12, 2013 05:01
Barclays said on Tuesday it intended to cut at least 3,700 jobs this year and the 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." Barclays employs 140,000 staff.
The bank reported a loss after tax of £1.04 billion ($1.63 billion, 1.22 billion euros) for 2012 compared with a net profit of £3.0 billion in 2011.