The Bank photograph

The Bank

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Release date Turkey
Directors Robert Connolly
Screenplay Robert Connolly
Producers John Maynard
Composers Alan John
Date of Reg.
Date of Upd.
ID2045792
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About The Bank


Jim Doyle (David Wenham) is a mathematical prodigy trying to concoct a way of foreseeing stock market collapses. He's approached by Centabank CEO Simon O'Reilly (Anthony LaPaglia), who is eager to co-opt Doyle's potential breakthrough. As an employee of Centabank, Jim works toward his goal, while Simon is under pressure from the board of directors. Meanwhile, a working class couple with a vendetta pursues legal action against the bank. Inevitably, corruption soon rears its ugly head. …

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Nov 22,2023 9:11 am

By Sam GruetBusiness reporter, BBC News

Barclays is cutting 900 UK jobs as it looks to reduce costs, the trade union Unite has said.

The Union said the " disgraceful" move in the lead-up to Christmas would boost The Bank 's " massive profits".

Jobs will go across several back-office divisions, including compliance, finance, legal, policy, IT and risk, according to Unite.

Barclays has not confirmed numbers, but said it was taking action to " simplify The Business ".

Affected staff were told at lunchtime on Tuesday, Unite said.

It said it was pressing Barclays to avoid all compulsory redundancies and redeploy staff in the impacted areas of The Business .

The Union said it had secured improved payments and support for affected workers, including those with less than two years' service.

But a spokesperson for Barclays said the cuts had been outlined in its third-quarter results in October.

Barclays chief executive CS Venkatakrishnan said at The Time that The Bank saw " further opportunities to enhance returns for shareholders through cost efficiencies and disciplined capital allocation across The Group ".

Speaking on Tuesday, a bank spokesperson confirmed it was making changes to its headcount, " as management layers are reduced and The Group improves its technology and automation capabilities.

" We Are committed to supporting impacted colleagues through these changes. "

But Unite General Secretary Sharon Graham said: " Barclays is disgracefully cutting jobs to further boost its massive profits. This is a mega-rich bank that is already On Course to make eye-watering profits this year. "

The Bank reported pre-tax profits for the three months to September of £1. 9bn, slightly better than analysts' forecasts, but down from £2bn a year ago.

Barclays has cut costs in The Last few years, and has already seen jobs go across its retail and Investment Banking businesses.

It has also announced nearly in recent years, saying only 10% of transactions were now taking place face-to-face.

The Group had around 22,300 staff in total at The End of Last Year .

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Source of news: bbc.com

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