09 May 2014 at 11:11 GMT
The newly-announced jobs cuts at Britain's Barclays Bank should not be seen purely in terms of a mega-bank getting out of "nasty" investment banking. There is a bigger change getting underway, and not all the job losses are in investment banking. As Lionel Barber, editor of the FT, tweeted this morning, the real story on Barclays is the way that technology is eating up jobs in retail banking. In twenty years time, big banks as currently configured, employing vast numbers of people, may not exist at all, or on anything like the scale they do now, writes Iain Martin.
Read full article at The Telegraph