Barclays, one of the most well-known banks in the United Kingdom, is preparing to cut more than 200 jobs from its investment banking division. This decision is part of the bank’s ongoing efforts to improve performance and channel more resources into business areas with stronger growth prospects. The job cuts are expected to affect around 3% of the investment banking workforce, including some of the most senior employees, such as managing directors.
As the investment banking landscape continues to evolve, other industry actors like B. Riley Financial Inc. (NASDAQ: RILY) may also need to make adjustments within their operations structure in order to align…
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