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Time for the annual British bank results bust-up

Money

Most of Britain’s banks report their annual results this week in probably the most frenzied atmosphere since the financial crisis. Bank shares have plunged as investors have fretted about their financial strength, prompting Deutsche Bank and Credit Suisse to go public with reassuring comments.

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People News: Barclays, Morgan Stanley

Barclays shed three senior members of its distressed-debt business in London as part of global job cuts unleashed by Chief Executive Officer Jes Staley, according to four people familiar with the matter.