Business News: Investors Boost Barclays Stock On Turnaround Moves

Started by MikeLigalig.com, February 18, 2013, 01:25:30 PM

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MikeLigalig.com

February 18, 2013, 01:25:30 PM
Investors Boost Barclays Stock On Turnaround Moves

Shares of Barclays (BCS), Britain's third-largest bank, gapped up nearly 10% early Tuesday after it said it will cut its workforce by 3,700 and trim its investment banking business. Antony Jenkins, who took the helm at the troubled bank last August, also cut the average bonus for investment bankers 14% after whacking it by 17% last year, and raised the bank's dividend 8% to 10 cents a share. Barclays was snared in a global investigation of rigging

Source: Investors Boost Barclays Stock On Turnaround Moves
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