By Francis Chan

BRITISH banking giant Barclays said on Tuesday that it will cut 2,100 jobs in its investment banking and wealth management units, with some positions in Singapore at risk.

Barclays' operations in Singapore include Barclays Capital, Barclays Wealth Management and Barclays Global Investors, employing more than 2,500 bankers and back-end staff in total.

A Barclays spokesman in Singapore did not elaborate on possible job cuts here but The Straits Times understands that some staff were told on Wednesday morning that they are being laid off.

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