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10 Banks With Looming Layoffs

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Barclays

Barclays (BCS) has reportedly been looking at layoffs as the bank trims over $1 billion in expenses by 2013. Barclays CEO Robert Diamond said the bank would get rid of underperforming staff this year, according to Here Is City.

In January Barclays Capital, the firm's investment banking arm, announced it would layoff about 600 people. Barclays also announced 1,000 job losses in its consumer unit and that it would stop offering financial planning advice in the UK bank's retail branches as it refocuses its business towards online customers. The layoffs were scheduled to hit this month.

The bank is also in talks to sell its commercial mortgage unit, Barclays Capital Mortgage Servicing Limited, according to a report by Reuters.

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SYM TRADE IT LAST %CHG
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BAC $16.11 0.00%
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