BARCLAYS
The U.K. banking sector still looks grim this year.
Barclays (BCS) announced that it plans to cut 422 information technology jobs. Most of the cuts will take place in Britain as part of a restructuring plan of Barclays' technology and infrastructure division.
The move by the bank comes after rival firm Royal Bank of Scotland (RBS) announced 4,760 job cuts, of which 3500 will be at RBS's investment bank and 950 in Ireland.
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