-- Barclays is working on a plan to reduce its expenses by 1 billion pounds ($1.25 billion) over several years, Reuters reports citing an unnamed source.

-- The plan could lead to between 1,500 and 2,000 jobs being cut--mostly in its Barclays Execution Services division--if it is implemented, Reuters reports.

-- Barclays declined to comment when contacted by Dow Jones Newswires.

 

Full story: https://tinyurl.com/4r4tzsfw

 

Write to Elena Vardon at elena.vardon@wsj.com

 

(END) Dow Jones Newswires

November 23, 2023 12:34 ET (17:34 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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