City & Markets 22 October 2026, 07:46 BST

Barclays cuts 5,000 jobs as profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – business live

City noticeboard, Trade Hub UK (2026-10-22): UK bank says 1,000 job cuts already done with a further 4,000 to go before year end, driven by advances in AI, described as ‘icing on the cake’ by Barclays… Primary source: original at Guardian Markets (theguardian.com).

By Guardian Markets

UK bank says 1,000 job cuts already done with a further 4,000 to go before year end, driven by advances in AI, described as ‘icing on the cake’ by Barclays boss

You be the chancellor: play our budget game to see if you can balance the books

The French 10-year government bond yield has risen above the equivalent US Treasury yield for the first time since 2013.

The French yield, or interest rate, jumped 10 basis points to 5.09% this morning, while the 10-year US Treasury yield fell 4bps to 5.07%.

I am disappointed and you can be sure this will get my attention.

Source: Guardian Markets