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LONDON (Reuters) - Barclays said it would axe up to 12,000 jobs this year even as it raised bonuses for investment bankers, prompting fury among politicians and unions who said it had not learned the lessons of the financial crisis.
Britain's third-biggest bank said up to 9 percent of employees could go, including 7,000 in Britain, as it tries to lower costs. The cuts are not concentrated in any one business area.
It said it paid 2.4 billion pounds ($3.9 billion) in incentive awards last year, raising bonuses at the investment bank by 13 percent despite a slump in its profits. The average bonus for the investment bank's 26,200 staff was 60,100 pounds.
As many as 27,000 Barclays (BCS) customer files with personal and financial information have been stolen, according to a whistleblower report published by the Daily Mail.
The files included details such as income, savings, mortgages, health issues, insurance policies, passport and national insurance numbers -- data that brokers could use for investment scams. It's unclear how the information was stolen.
reply to post by Wrabbit2000
Looks like it's going to be a rough year regardless of where you are.