UPDATE 6-Barclays axes 19,000 jobs, reins in Wall Street ambitions
* Bank increases job cuts this year to 14,000 * Will cut 7,000 at investment bank * Tom King to lead smaller investment bank * To set up "bad bank" of 115 bln stg of unwanted assets * All of European banking business up for sale * Shares jump 6 pct (Adds background
