The Scan for Tuesday, August 2

08/02/11

Breaking News This Morning ... Barclays to Cut Jobs, Too: Following yesterday's announcement by fellow Londoner HSBC that it would fire as many as 30,000 people, Barclays said it intends to shed 3,000 jobs this year above and beyond the 1,400 the British bank eliminated in the first half. Barclays' first-half profit dropped by a third as it set aside money to compensate customers who bought dodgy payment protection insurance. Investment banking revenue declined as well....

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