More high-level departures at Barclays

|About: Barclays PLC (BCS)|By:, SA News Editor

The news continues to fly fast on Barclays (BCS) amid the strategic review of its investment bank which is to be unveiled on Thursday. The weekend's news:

Investment banking chief Ros Stephenson is joining UBS, where he'll be global chairman of corporate client solutions.

The bank's head of M&A - Paul Parker - is expected to quit ahead of Thursday's presentation, bringing to four the number of high-level bankers exiting ahead of the big day. A source, reports the FT, says Parker - a former Lehman banker - is being eased out as part of the management changes.

The bank may put its retail operations in continental Europe up for sale, reports The Telegraph.