Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank claim: 3,700 jobs set to go at Barclays

Barclays has announced plans to cut around 3,700 jobs following a strategic review aimed at reducing the company's costs by £1.7 billion.

It follows the news that the bank saw its pre-tax profits slide to £246 million in 2012, down from £5.9 billion the previous year.

Around half of the job losses are expected to come from the financial institution's investment bank arm - mostly in Asia - while the rest will be drawn from its European retail and business operations.

Barclays has seen its financial position suffer recently after it set aside £1.6 billion to compensate customers who were mis-sold payment protection insurance, while another £850 million was earmarked to reimburse individuals mis-sold interest rate hedging products.

It was also fined £290 million last year for its part in the Libor rate-fixing scandal that engulfed the banking industry.

New boss at the organisation Anthony Jenkins had pledged to change the culture of the bank following the string of negative coverage in recent times.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.ADNFCR-2776-ID-801539520-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