Barclays said to begin reducing 100 jobs in Asia-Pacific, Bloomberg said Barclays will begin cutting 100 jobs across its Asia-Pacific investment-banking and markets divisions this week, according to Bloomberg, citing a person with knowledge of the matter. The source said the firm will name Vanessa Koo to replace Edward King as the head of mergers and acquisitions in the Asia-Pacific region. Reference Link
Barclays upgraded to Buy from Neutral at Goldman Goldman Sachs upgraded Barclays (BCS) to Buy saying the bank is positioned to benefit from less stringent leverage requirements. Goldman coupled the upgrade with a downgrade of HSBC (HSBC) to Neutral.