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Report - Barclays CFO: no credible plan investment bank

Barclays Canary Wharf

In recent private meetings with analysts and investors, Barclays' new finance chief, Tushar Morzaria, surprised attendees with a frank admission, according to participants: The bank doesn't have a credible plan for what to do with its sprawling investment bank.

Key EU banking reform laws approved

Five Euro Note

European lawmakers on Tuesday approved key laws reforming the euro zone's banking sector, completing a "banking union" which will protect taxpayers from having to pay for costly bank bailouts in future.

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