According to the head of business at Barclays, the bank has cut 2,700 jobs in its investment bank this year as part of a plan unveiled in May to axe 7,000 positions over three years. While at the Barclays Financial Services Conference, Chief Executive Tom King said that there were tentative signs of a pick-up in trading activity after a slow July and August. King added “We are in a cyclically slower part of the year. For this quarter it’s usually about September. It’s very early days, but September seems to have the hallmarks of what could be a nice, attractive month, we’re seeing a bit of volatility in the trading business and the issuance calendar is robust.”
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