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Scandal, crisis-damaged Barclays axes at least 70 positions in Asia

The Straits Times/Asia News Network
January 26, 2013, 12:02 am TWN

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SINGAPORE -- Some bankers at the Barclays office in Singapore were retrenched yesterday as the bank axed at least 70 jobs across the region.

The British bank, which is trying to recover from the financial crisis and an interest rate-rigging scandal, could end up laying off as many as 90 people, sources told Reuters.

“We've reviewed the size of the business and are trying to meet the opportunities that are here in the market,” a spokesman told The Straits Times yesterday.

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