Receiving Wide Coverage ...
Barclays Restructuring: After six months on the job, CEO Antony Jenkins will announce a restructuring on Tuesday that "is expected to leave the bank's strategy largely intact," according to the Journal. The British giant's investment bank will slash 2,000 jobs, or 10% of the unit's workforce, and activities that aren't "socially useful" may get the ax, such as "transactions that have no business purpose other than reducing taxes." (Nevertheless, Barclays "will continue to offer tax-minimizing advice. People familiar with the matter say the business has been hiring employees recently.") Best tidbit of all: "Late last year, 125 top managers were taken to a venue in West London to discuss the bank's culture. They looked at case studies of other troubled organizations. The Roman Empire was used to highlight the risk of hubris, says one person who attended. Executives examined a presentation detailing how public zoos evolved from entertainment with animals into centers of learning."
Sound Familiar? "
Wall Street Journal
Ahead of FHA Commissioner Carol Galante's scheduled
New York Times
"Complex Investments Prove Risky as Savers Chase Bigger Payoff" — "Brokers used to promote bad investments mainly to people trying to get rich quick. But with traditional portfolios falling in value, ordinary retirement savers are being
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Columnist Gretchen Morgenson interviews two former Moody's analysts who started their own rating shop but have had a hard time gaining
From the media business news desk: "Financial Times
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Wired: "