The News: Bad Days at Barclays

eFC logo

After chopping 2,100 jobs in its investment bank Tuesday, Barclays announced an additional 2,100 cuts yesterday, these in its retail, commercial banking and credit card units. Analysts at the investment bank were supposedly receiving three months' severance and no bonus.

A Second Day of Job Cuts at Barclays [NY Times]

Severance Watch '09: Barclays [Dealbreaker]


Goldman makes it easier to at stock grant money [WSJ]

If you left Wells Fargo to work at Wachovia, look over your shoulder [InvestmentNews]

BofA derivatives specialists want payment for overtime [InvestmentNews]

Jefferies hires two from Merrill Lynch to head bond group [Reuters]

Cantor poaches John Baldo from UBS for debt capital markets group [peHUB]

Lovito, Zamora join American Century [Trading Markets]

Doing the 'Restructuring Lawyer Shuffle' [NY Times]