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Barclays Vows to Return £10 Billion to Investors in Overhaul

(Bloomberg) -- Barclays Plc said it will go on a major cost-cutting drive, reorganize its reporting structure and return at least £10 billion to shareholders in the coming years, ending months of speculation about the future direction of one of Europe’s largest investment banks. Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Amazon Deserves to Be Called Out for Swindling U...
City Of United Kingdom Taylor Wright Cathal Deasy Philip Richards Stephen Dainton
Source: yahoo.com

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Barclays Gives Dozens of Bankers Nothing in Grim Bonus Round

(Bloomberg) -- Barclays Plc is planning to hand dozens of investment bankers no bonus as the slowdown in dealmaking forces it to cut payouts for a larger-than-usual group of its lowest performers. Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaChina’s Property Crisis Is Starting to Ripple Across the WorldNew York City Is Considering a Laundry Pods CrackdownUkraine’s Army Chie...
United Kingdom Uzair Kundi Bloomberg Businessweek Marina Shchukina Cathal Deasy Philip Richards
Source: yahoo.com

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