PRESS DIGEST - Financial Times - Feb 11
A unit of EADS, Europe's biggest aerospace company, is under scrutiny of the FBI, which is probing corruption allegations relating to a contract in Saudi Arabia for the UK's Ministry of Defence. Barclays will target at least 2 billion pounds in cost savings from its 20 billion pounds annual cost base when the bank announces its strategic overhaul on Tuesday. The overhaul includes plans to boost profitability by cutting about 2,000 investment bank jobs and shuttering some operations in parts of
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