More on Barclays (BCS) results and strategy review: Job cuts: 1,800 in Corporate &...

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

More on Barclays (BCS) results and strategy review: Job cuts: 1,800 in Corporate & Investment Bank and 1,900 in Europe Retail and Business Banking. To lower cost base to £16.8B by 2015 from £18.5B. Targets ROE of above cost of equity in 2015, which is forecast to stay at current 11.5% level. "One-time" costs of implementing strategic plan will be £2.7B by 2015. Targets common equity tier 1 ratio of above 10.5% by 2015. Aims for dividend ratio of over 30% over time. (PR)