Barclays LON: BARC has announced it will cut up to 3,700 jobs in the next 12 months, the announcement came from Mr Jenkins the new Chief Executive Office of Barclays PLC LON: BARC. This is stemmed from a long term overhaul that was well and truelly needed from Barclays PLC after the recent Payment Protection Insurance (PPI) scandal that will cost the banking sector over £25 Billion in total to compensate it’s customers. (more…)