Pedestrians shelter under umbrellas as they walk past a Barclays branch in central London
Pedestrians shelter under umbrellas as they walk past a Barclays branch in central London May 8, 2014. Britain's Barclays will axe 19,000 jobs in the next three years and set up a "bad bank" to house much of its investment banking business and European retail operations as it strives to turn itself around in the face of a trading slump. REUTERS/Stefan Wermuth (BRITAIN - Tags: BUSINESS)