Barclays tax advice unit to close

Barclays boss Antony Jenkins will attempt to break from the bank’s scandal-hit past this week by announcing the closure of its tax avoidance unit and the cull of around 2,000 investment banking jobs, it was reported today.

The moves – due to be unveiled alongside the bank’s annual results on Tuesday - are part of Mr Jenkins’ drive to “shred” the legacy left by former boss Bob Diamond, who quit after the bank’s £290 million Libor rigging settlement last year.