Another investment banking exit at Barclays


Bank of America (BAC +0.4%) names Jeremy Murphy a managing director in its consumer and retail investment banking unit after he exited a similar position at Barclays (BCS -1.5%).

Barclays is in the midst of restructuring its investment banking division, and management has promised 7K job cuts by 2016. The challenge is cutting heads without cutting revenue.

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Comments (2)
  • dictionshunary
    , contributor
    Comments (693) | Send Message
     
    Good positive sign for BAC and those of us who have chosen to get and stay long.
    30 Jun 2014, 02:21 PM Reply Like
  • Fanebrb
    , contributor
    Comments (663) | Send Message
     
    Still gotta long way togo to recover frm 2008.
    30 Jun 2014, 05:01 PM Reply Like
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