Barclays Cutting 1000 UK Jobs, Trimming Financial Planning Advice at Branches
ADRs of Barclays (BCS) are lower after the bank says it plans to cut about 1000 jobs in the UK as it looks to stop offering financial planning advice in its branch locations, Reuters reports. The move is seen as another example of the bank making cuts to improve lagging profitability. The cuts are reportedly to occur across the UK. The bank will focus financial advice to online customers. Barclays ADRs are down 1.1%, or
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