A branch of Barclays in central London
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Barclays 'will be judged by actions'

Barclays has announced that it is cutting 3700 jobs. Just over half will be axed from its investment banking division in the UK - while the rest will go from its European operations.

The move is part of a restructuring plan being unveiled by the bank's chief executive, Antony Jenkins.

Talking to Today presenter Evan Davis Mr Jenkins said that he wanted the bank to be "judge by our actions not our words."

When questioned about wide spread scepticism of the bank's integrity, he explained that "it will take years before people actually change their impression of us."

"I am not daunted by that at all, I am totally committed to this journey and to building a better Barclays," he added.

First broadcast on BBC Radio 4's Today Programme on Tuesday 12 February 2013.

  • 12 Feb 2013
  • From the section UK