8 months ago
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Bank announces drop in profits to £6.6bn as it says it plans to return more to shareholders
Barclays is to cut £2bn in costs, raising fears of further job losses as the lender shrinks its investment bank in a corporate shake-up intended to increase shareholder payouts by £10bn within three years.
The bank said it did not have a “specific headcount target” for how many its 94,800 global workforce would be cut, having already slashed 5,000 roles since October.
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