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Barclays targets £2bn in cost-cuts, rejigs investment bank top team

Lender separates investment and corporate bank in executive shake-up

CS Venkatakrishnan is on a mission to overhaul the lender
CS Venkatakrishnan is on a mission to overhaul the lender Photo: Getty Images

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Barclays will strip out £2bn in costs over the next three years as the UK lender attempts to add more balance to its business and reduce its reliance on its investment bank.

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