
BarCap to make 200 redundancies
The news comes in the wake of last month’s pre-close briefing by BarCap parent company Barclays, in which the bank reported a flat net revenue in the nine months to September 30 2002 versus the corresponding period one year earlier.
BarCap’s flat net revenue – attributed to turbulence in its target corporate market – was to some extent offset by income performance. Fees and commissions grew during the period, while costs remained even, Barclays added.
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