Barclays revamps retail bank unit; shares advance

Article Abstract:

In a move to restructure its retail banking unit, Barclays PLC is planning to pare its 20 divisions to 2 and to lay off hundreds of employees over the next 18 months. Barclays is moving away from individual products and concentrating on those clients with basic needs and wealthy clients. The company is also planning to launch a new ad campaign which will emphasize the bank's corporate image rather than its individual products. In response to the news, the company's shares rose up 31 pence or 2.3% in London trading.

Comment:

Barclays PLC restructures, plans hundreds of layoffs in 18 mo.;shares rise in response; ad campaign launched to show new image

United Kingdom, Labor force information, Organizational history, Advertising, Corporate Images, Barclays PLC

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Who gets mutual-fund prize?

Article Abstract:

As Japan Post, a state-run postal-savings business that accounts for 15% of the Japan's household financial assets, prepares to offer mutual fund services to its customers, mutual-fund managers worldwide are preparing to jockey for a piece of the company's two trillion dollar's worth of business.

United States, Strategy & planning, Government expenditures, Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Financial management, Contracts & orders received, Market share, Management dynamics, Services information, Public Mail & Express Services, Postal Services, Postal Service, U.S. Postal Service, Material Handling Equipment Manufacturing, Construction and Related Machinery, Contracts & orders let, Management investment, open-end, Mail Delivery Systems, Postal Service & Subsidies, Planning, Services, Contracts, Contract agreement, Mutual fund industry, Company business management, Company market share, Company business planning, Company financing, Japan Post Ltd.

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Koizumi confirms plan to dispose of bad bank loans

Article Abstract:

Junichiro Koizumi, the prime minister of Japan, acknowledged a plan to divest the riskiest bad loans in Japanese banks within two to three years. The share decline in Tokyo stocks is being blamed for the delay in reforms.

Government domestic functions

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