Barclays is stoking fears for jobs following the investment banking downturn

The corporate and investment bank’s profits fell 11% in the third quarter, citing “lower client activity” despite Barclays’ involvement in Arm’s $65 billion deal in New York. Fixed income trading revenue fell 26%, a bad sign for bond trading desks in London and New York. Venkat, as he is known, declined to discuss the Staley issue or whether there was continued pressure on the rest of the board, including chief executive Nigel Higgins.