Barclays to let investment bankers go in London and New York

Barclays said it would cut investment banking jobs in London, New York and across Asia, in places such as Hong Kong and in Australia, Bloomberg reported.

The lay-offs were part of a restructuring plan, the lender said, with a smaller 'bonus' pool, of possibly about 10%, having also been mooted.

Bloomberg reported "a few thousand" more job-cuts might be on the cards, although the exact number had not yet been announced.

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