Tom King, chief executive of Barclays investment bank said that the bank has slashed 2,700 jobs at its investment bank this year.
The job cuts are part of company’s plans revealed in May to trim 7,000 investment banking jobs over the next three years.
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During the Barclays Financial Services Conference, King added that there were tentative signs of boost in trading activity after a slow July and August.
In May this year, the UK bank announced its plans to cut 19,000 jobs over the next three years.
The bank’s capital division, which currently has 26,000 employees, has slashed about 7,000 staff in a move to reduce the size of its trading operations and focus more on underwriting new issues of bonds and shares.
"We are in a cyclically slower part of the year. For this quarter it’s usually about September. It’s very early days, but September seems to have the hallmarks of what could be a nice, attractive month, we’re seeing a bit of volatility in the trading business and the issuance calendar is robust," King added.
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