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Arab Network
Jess Staley, chief executive of Bank Barclays Plc, said yesterday that the bank had cut some 3,000 jobs in the second quarter of this year, as part of the streamlining of spending and facing a wave of bank criticism of its ability to achieve the results objectives.
Bloomberg said the bank, based in London, had joined its peers of European banks, which have been fired in recent months, including the UK bank HSBC Holdings and Societe Generale de France.
According to Reuters, Barclays chief financial officer Toshar Morzaria said the jobs were "not concentrated in a particular sector, but covered all sectors", especially those that did not realize profits or returns.
The bank's stock price rose $ 3.4 per share in London, where Staley said it was "very confident" that Barclays could achieve the targeted profit.
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