Barclays hires bankers in Japan
Barclays PLC said on Friday it has hired 10 investment bankers in Japan but cut 30 jobs elsewhere in the region as part of the British bank's efforts to cut costs and reshape itself in the wake of acquiring parts of Lehman Brothers Holdings Inc.
Barclays Capital is to cut jobs across the world after a slowdown in activity, in a move bankers expect to be matched by rival investment banks if market conditions stay tough.