Morning Scan: Barclays Plans Job Cuts in U.S. to Reduce Expenses; Bl...

Receiving Wide Coverage ...

Barclays Job Cuts: Barclays plans to cut about 1,000 jobs worldwide, according to the Wall Street Journal, or up to 1,200, the Financial Times said, as new CEO Jes Staley implements his turnaround plan. Some of the job cuts will be in the U.S., however most will come from Asia, including its businesses in cash equity research, sales and trading and convertible bond trading. Barclays will also exit Brazil, Russia, Taiwan and...