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13-01-2009
Barclays is close to announcing up to 2,100 job cuts in its investment divisions, sources have indicated.
The redundancies will affect seven per cent of staff from the bank's investment banking and investment management (IBIM) arm.
Barclays Capital is expected to see 1,300 job losses, while the remainder will be felt at Barclays Global Investors and Barclays Wealth.
The retail side of Barclays is not expected to be affected.
"We will continue to hire across parts of the business that are growing," a spokesperson said.
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