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Barclays names new auditor

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Barclays named KPMG its new auditor, ending a 119-year relationship with PricewaterhouseCoopers amid a British regulatory investigation into the reporting of the bank’s accounts.

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Tidjane Thiam

CEOs mull job cuts on their first day

John Cryan and Tidjane Thiam, in their first day as CEOs of two of Europe’s largest banks, signalled they will remodel their firms as investors press them to eliminate businesses and boost profit.

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