A regulatory crackdown in the UK is washing up on US shores. Barclays is in the process of slashing 5
percent or more of its staff worldwide, including hundreds of jobs in New York,
as new CEO Anthony Jenkins prepares to unveil an overhaul of the embattled
British banking giant next Tuesday.
Barclays, which acquired the core of Lehman Brothers during
the financial crisis of 2008, has already axed droves of staffers in the past
few days. Yesterday, it filed a notice with the state that it was eliminating
275 staffers at its Manhattan offices at 200 Park Ave., 745 Seventh Ave. and
1301 Avenue of the Americas.
The painful cuts, which have been working their way through
the bank in other countries, began in earnest in New York on Monday and
Tuesday, sources said.
http://www.nypost.com/p/news/business/euro_trash_hits_us_1SNkbH3CMWAl0t0gp1gvGM
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