Barclays Rejigs Retail and Investment-Banking Management

Barclays PLC on Tuesday announced a major restructuring of its retail and investment-banking businesses into new group units that will see one of its top executives, Frits Seegers, leave the bank.

The bank said it will bring corporate and investment banking -- the Barclays Capital unit -- into a new business grouping with its commercial bank and its wealth-management businesses that will be overseen by group President Bob Diamond.

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