Barclays CEO 'first to admit' mistakes made in past

Barclays Chief Executive Antony Jenkins told ITV News he would be the "first to admit" the banking giant has made mistakes in the past:

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Barclays to cut 3,700 jobs

Barclays has said it will cut 3,700 jobs after pre-tax profits slumped to £246 million in 2012 from £5.9 billion a year earlier.