Barclays Cuts a Dozen Jobs

The video discusses the regularity of job cuts in major banks, noting that it's common for banks to reduce their workforce by 5-10% around this time of year. Specific examples include Morgan Stanley's job cuts in equities and electronic trading. The discussion also touches on potential future cuts, particularly in fixed income, and the focus on Barclays' investment bank amid shareholder pressures and leadership changes.

What role did Tim Throsby play in the context of the investment bank's changes?

In what ways might the restructuring of the investment bank affect its operations?