Barclays is planning to cull up to 400 jobs in its investment banking division as part of a restructuring to reduce costs.
Most of the positions are expected to be made redundant in London and New York, including those of senior managers.
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In an attempt to clamp down on costs, the bank is also restricting international travel to essential external meetings.
Furthermore, the bank has also cut pay of its investment bankers, halted speculative trading in some asset classes and has started to reform its corporate culture.
Overall, Barclays employs around 140,000 people.
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