Barclays reveal more bad news ahead of today’s showdown with angry shareholders

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Ahead of what is expected to be a contentious annual general meeting with shareholders today, Barclays is leading the day with more bad news – namely a “significant” decline in its fixed income business in the first quarter of this year. It’s the traditional revenue and profit driver of its troubled investment bank business. Expect thousands of job cuts and exits from parts of its fixed income franchise, outlined by CEO Antony Jenkins and other executives next month.

Posted in: Infographic of the day

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