Barclays to cut 12,000 jobs, pays bigger bonuses (16)

Today's Zaman 2014.02.11 18:17
0 Barclays said it would axe up to 12,000 jobs this year even as it raised bonuses for investment bankers, prompting fury among politicians and unions who said it had not learned the lessons of the financial crisis. Britain's third-biggest bank said up to 9 percent of employees could go, including 7,000 in Britain, as it tries to lower costs.
BONUS, BARCLAYS, AXE, RATIO, HELM, LEVERAGE, United Kingdom, SG