Jan. 12 (Bloomberg) -- Barclays Capital co-Chief Executive Officer Jerry del Missier said the unit is “well-positioned” for the “challenging environment” facing most securities firms.
“We have a very strong presence in all our global markets businesses,” he said in a Bloomberg Television interview today, adding that 2012 is going to be a better year for investment banks than 2011.
His comments come as Royal Bank of Scotland Group Plc, Britain’s biggest government-owned bank, said earlier today that it will cut about 4,800 jobs, including 3,500 at its investment bank over the next three years, as it jettisons unprofitable cash equities and merger-advisory operations.
--Editors: Keith Campbell, Francis Harris
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