Profits Down, Bonuses Up at Barclays - Presented by: The Aol. On Network

Many thought banks were on the mend, and the time of big job cuts was over. Not so at British lender Barclays. It's expecting to axe 12,000 jobs this year. 7,000 will go in the UK, spread across different parts of the business. It's part of the latest drive to cut costs due to falling income at its investment bank. Profits slumped in 2013 at both the bank and its investment arm.



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