Barclays (BCS) could significantly shrink its controversial tax structuring unit, which at its...

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

Barclays (BCS) could significantly shrink its controversial tax structuring unit, which at its peak earned up to 75% of the profits at the company's investment banking operations, as the firm looks to restore its reputation. However, new CEO Antony Jenkins last night reaffirmed Barclays' commitment to the investment-bank arm despite speculation to the contrary.