February 12, 2013 at 11:02 AM EST
After Barclays Restructuring, a Skeleton of Lehman Brothers
At Barclays, the investment bank-just a slightly smaller one-is here to stay. Following months of mounting pressure from shareholders, Barclays CEO Antony Jenkins announced a broad restructuring plan on Tuesday that would cut 3,700 jobs across the board, more than half of which will come from the investment bank, Barclays Capital.
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