Barclays profit misses estimates, 12,000 jobs to go

Note: This section contains information in English only.
Source: Bloomberg
Barclays Plc, the second-biggest bank in the U.K., announced a decline in its year 2013 profit amid compensation and litigation charges. The pretax profit reached 5.2 billion pounds, down 26% from 7.05 billion pounds a year ago. Analysts expected the net profit to reach 5.4 billion pounds. Moreover, today the bank announced that up to 12,000 jobs will be cut to decrease costs.
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