Barclays and HSBC set to make more redundancies

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Barclays has placed over 680 ING Direct staff on consultation after completing their purchase of the lender's mortgage and deposit books. According to reports in Money Marketing magazine, Barclays will try to find new roles for ING Direct's staff, but there has not been confirmation of the amount of redundancies they are likely to make. Earlier this week, HSBC announced that they are cutting 3,166 UK jobs as part of a restructure of the bank's wealth adviser division. April 26, 2013
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