St Helens jobs at risk from branch closures

Barclays will close a quarter of its 1,600 branches in the UK and cut hundreds of investment banking jobs as it aims to slash costs to meet targets, it is reported.

Barclays will close a quarter of its 1,600 branches in the UK and cut hundreds of investment banking jobs as it aims to slash costs to meet targets, it is reported.

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Banking giant Barclays - which has three branches in St Helens - will close a quarter of its 1,600 branches in the UK , risking dozens of local jobs, as it aims to slash costs to meet targets, it is reported.

The bank will replace around 400 branches with smaller sites in Asda supermarkets, the Financial Times said

It is also understood to be preparing to axe several hundred jobs at a senior level in its investment banking business, on top of around 1,700 losses made in the division last year.

 

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