Barclays axes 3,700 jobs

Barclays is cutting at least 3,700 jobs as part of its revival plan, with many of those in Europe. <br /><br />New Chief Executive Antony Jenkins, who is trying to rebuild Barclays' reputation and boost profitability, is also taking a harder line on pay cutting average bonuses for its investment bankers by seventeen percent from last year. <br /><br />...<br />http://www.euronews.net/