by Jonathan Davies

Barclays is planning to cut as many as 30,000 jobs in a bid to speed up its cost-cutting programme, according to reports from The Times.

Such job cuts would take the bank’s global workforce to below 100,000 by 2017. They are likely to be a key reason behind the firing of chief executive Antony Jenkins.

At the time of his departure, it was understood that he and the board fell out over the future of the bank and the speed of its restructuring plans.