Barclays Begins Implementing Job Cuts Across Investment Bank [Yahoo! Finance Canada]
Equitrans Midstream Corporation (ETRN)
Last equitrans midstream corporation earnings: 2/27 06:30 am
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Source: Yahoo! Finance Canada
Venkatakrishnan's yearslong plan to boost returns. Most Read from Bloomberg Several hundred staffers in global markets, investment banking and research will be impacted by the cuts, according to people familiar with the matter. The cuts began on Wednesday, the people said, asking not to be identified discussing personnel information. ADVERTISEMENT The latest dismissals confirm an earlier Bloomberg report that Barclays was preparing to cut several hundred jobs within its investment bank division, which includes trading, advisory, capital markets as well as the firm's international corporate bank. “We regularly review our talent pool to ensure that we can invest in talent and deliver for clients,” Barclays said in a statement. Venkatakrishnan has been under pressure to improve the British bank's returns, which have lagged rivals. Barclays has long faced questions from investors about the viability of those Wall Street operations because the investment bank consumes more capi
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