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The Boston Globe

Business

Barclays will cut 3,700 jobs in reorganization

LONDON — Barclays announced a reorganization that will eliminate 3,700 jobs and close several business units, as the bank reported a big loss in the fourth quarter of 2012.

The overhaul of its operations comes after a series of scandals at the bank, including one concerning the manipulation of benchmark interest rates, which led to the resignation of the former chief executive, Robert E. Diamond Jr.

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