Barclays to cut 3,700 jobs across business

Barclays confirmed it will cut 3,700 jobs across the business, including 1,800 investment banking posts and 1,900 in retail and business banking, following disappointing annual results for 2012.

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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.