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Barclays will reveal details of a cost-cutting drive in February

Investment Banking Editor

Barclays cut around 5,000 employees last year as the UK lender prepares to unveil a strategy shift after announcing a cost-cutting drive in 2023.

The bank said in a statement that it axed thousands of jobs in 2023, after flagging a fresh cost-cutting drive during its third quarter results in October.

Barclays cut 5,000 jobs last year in cost-reduction push

Paul Clarke

Barclays

Citigroup

Banking

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Find out who is on the move in the City and beyond this week

Clifford Chance hires KKR director in London private equity drive

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Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

British Billionaire Chris Rokos Wants $150 Million for His Florida Mansion

The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

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The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

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Tencent Shares Hit More Than Three-Year High as App Launches DeepSeek Testing

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