VIDEO: BARCLAYS TO CUT 7,000 JOBS

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Barclays is to cut 7,000 jobs from its investment banking division by 2016 as part of a strategy review.

The bank has already announced job losses across the group of 12,000 for this year, but this has been increased to 14,000 as a result of the investment bank changes announced today. It brings the total cuts by 2016 to 19,000.

BARCLAYS TO CUT 7,000 JOBS

BARCLAYS TO CUT 7,000 JOBS