Barclays takes knife to Asian investment bank

Barclays to cut 100 Asia-Pacific jobs in investment banking and markets, as the old guard make way for the new.

Barclays takes knife to Asian investment bank

Barclays is set to cut 100 jobs across investment banking and markets, or about 5% of its workforce from its investment bank in the Asia-Pacific region, according to a source familiar with the matter.

Investment banking encompasses equity and debt capital markets plus mergers acquisitions, while markets includes trading in fixed income, currencies, commodities and equities.

The UK bank has not given any breakdown on the planned cuts. But in view of...

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