Saturday, October 25, 2014   

Barclays to cut up to 12,000 jobs
(02-11 18:26)

British bank, Barclays, says it plans to cut between 10,000 and 12,000 jobs this year, including 7,000 in Britain. The cuts came as the bank said it had increased staff bonuses by ten percent last year despite an annual profit fall. Its Chief Executive Antony Jenkins, who has waived his own annual bonus, said that the rises were necessary to maintain the bank's competitiveness. --RTHK   
Other Business breaking news:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

More breaking news >>

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