Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

PPI claim: Barcap announces 400 global job cuts

Barclays Capital (Barcap), the investment banking arm of Barclays, has announced it will cut 400 global staff in a bid to cut costs.

Around 130 European staff will be made redundant, with the vast majority of those coming from the firm's London branch.

Only back-office staff will be affected by the cuts, with no frontline investment bankers set to lose their roles at the company.

A spokesman for Barcap claimed the firm is launching a review on operations "which will result in some job losses."

He said: "We continue to hire selectively across those parts of the business that are growing,"

The cuts come despite the firm posting a 225 per cent increase in profits in their interim report.

Barclays recently announced first-half profits had increased by nearly a third following a fall in bad debts and signs of an economic recovery.

Posted by Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his belt. ADNFCR-2776-ID-800025390-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide