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Barclays Exclusive: What’s the Cost Cutting Plan? Explained

Barclays, a major British banking company, is taking steps to reduce costs after its trading division underperformed in Q3.

The bank reported revenue of £3.08 billion, which was lower than the £3.24 billion estimated by analysts. This was due to a 26% decline in fixed income, currency, and commodity trading compared to last year.

CEO C.S. Venkatakrishnan admitted the investment bank had experienced “pockets

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