The new chairman of Barclays Plc (BARC), David Walker, will review pay policies and the balance between retail and investment banking, according to the Sunday Times.
The investment-banking unit, formerly known as Barclays Capital, may be cut by as much as 20 percent, the newspaper reported, citing people it didn’t identify.
Perry Jones, a London-based spokesman for Barclays, declined to comment when contacted by Bloomberg News today.
To contact the reporter on this story: Isaac Arnsdorf in London at firstname.lastname@example.org
To contact the editor responsible for this story: Mike Harrison at email@example.com