(Bloomberg) -- Barclays Plc, the U.K.s second- biggest bank by assets, will eliminate as many as 12,000 jobs this year, including more than 800 senior bankers, after fourth- quarter profit tumbled.
About 7,000 of the cuts will be in Britain, Chief Executive Officer Antony Jenkins told reporters on a conference call today. Adjusted pretax profit fell to 191 million pounds ($314 million) in the fourth quarter from 1.4 billion pounds in the year-earlier period, Barclays said.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access