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Scandal-hit Barclays bank axes jobs, raises bonuses

Barclays will axe thousands of jobs and raise bonuses for its investment bankers this year, the under-fire British lender announced on Tuesday after posting a return to annual profits. Chief executive Antony Jenkins, who has himself declined a huge bonus as Barclays is probed along with other banks over possible manipulation of foreign exchange trading, said that between 10,000 and 12,000 jobs would go worldwide this year. Jenkins told a conference call with media that about 7,000 jobs would go in Britain, out of a global workforce of about 139,000.

Ex-CBI boss Lambert to chair new UK bank standards body

LONDON (Reuters) - Richard Lambert, the former director general of the Confederation of British Industry, has been appointed by Britain's biggest banks to set up a new independent body monitoring standards within the industry.

UPDATE 4-Barclays ducks Qatar questions, takes $1.6 bn mis-selling hit

* Makes 1 bln stg provision for PPI, interest rate swaps * Signals rival UK banks need to set aside more cash * Says cannot comment on Qatar fundraising investigation * "We are shredding" some behaviours of the past -CEO By Steve Slater and Matt Scuffham
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