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Smaller companies supported by the EIB Group in 2017 employ 3. The European Investment Bank is not responsible for the content of external internet sites. Do you have 10 minutes to help us improve our nagivation menu? Find out more and change cookie settings. Barclays will this week cut up to 100 jobs from its investment bank as it pursues chief executive Jes Staley’s plan to revamp its operations. Most of the redundancies will be concentrated at the managing director and director levels, although some more junior bankers will also lose their jobs. Job losses will be fairly evenly split between the US and Europe, with consultations with affected workers in Britain starting this week.
The cuts are part of a regular process of reviewing operations, but the bank remains committed to Staley’s strategy of boosting the investment bank. Barclays will continue to make selective hires over the coming year in its investment bank, City A. The chief executive has come under pressure from some investors over his decision to reallocate money towards the investment bank in the hope it can challenge on both sides of the Atlantic. Barclays was the biggest investment bank fee-earner in the UK last year, and the seventh-biggest worldwide, according to Thomson Reuters data. However, its market share fell by 0.