Barclays cuts 5,000 jobs as profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – business live
The Guardian reports that Barclays is cutting 5,000 jobs as their profits surge, anticipatory of an upcoming bank tax. In a related development, French bond yields have reached a 24-year high.
Looming tax and yield surge are significant factors shaping the current financial landscape, as highlighted by this news piece.