Barclays cuts 200 jobs in London

Barclays is cutting 200 jobs in London. Credit: REUTERS/Jas Lehal

Barclays bank is axing around 200 jobs in London, as part of cost-cutting plans to shed at least 3,700 staff worldwide.

The bank has also announced today that it will be handing out a total of £1.85 billion in bonuses - an average of just over £13,000 for each employee.