Things we're reading today include ...
Barclays announce 1000's of job losses:
- Barclays axes 19,000 jobs, reins in Wall Street ambitions
- Barclays cuts 7,000 investment bank jobs in overhaul
- Forget AstraZeneca, it's Barclays we should be worried about
- Barclays to cut 19,000 jobs
- Barclays boss Antony Jenkins defends bonuses despite restructuring
- Barclays boss Antony Jenkins wields the axe – but hails 'wise' rise in banker bonuses
- Barclays retreats from investment banking
- Britain gives up on the bulge bracket
- True test facing Barclays still to come
- George Osborne: Barclays could 'support British economy'
- Barclays – too bad, Tiger Tim
Other news:
- StanChart sees first-quarter profit decline on Asian currency weakness
- Standard Chartered profits drop in tough markets
- Standard Chartered hit by pay revolt
- RSA Insurance boss Stephen Hester hails 'positive change' after year of chaos
- FCA issues rules on dealing commissions
- Exclusive: U.S. banking regulators hire math geeks of their own
- SEC: With the program
This week's Economist:
- The euro zone: One currency, divergent economies
- Italian banks: Neither borrowers nor lenders
- Buttonwood: Ghostbusters
- Shadow banking in China: Battling the darkness
- Tax evasion: The data revolution
- Forget AstraZeneca, it's Barclays we should be worried about
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...