Banking jobs under threat from Barclays merger

More than 23,000 banking jobs are under threat after Barclays announced details of its proposed £45bn (€66.36bn) takeover of Dutch counterpart ABN Amro.

Barclays said it would look to cut 12,800 jobs from the combined workforce, while another 10,800 positions were likely to be transferred to lower-cost locations. The two companies have a joint workforce of 217,000 worldwide, including 62,400 staff who work for Barclays in the UK.