By Joy Wiltermuth
NEW YORK, Jan 21 (IFR - While Barclays will cut around 1,000jobs at its investment bank, the US structured finance businesswill be largely untouched from the latest round of cuts, peoplewith knowledge of the matter told IFR on Thursday.
In the Americas, the bank will continue to focus onorigination-led asset-backed and commercial mortgage-backedsecurities, as well as collateralized loan obligations andcredit-risk transfer bonds.
Barclays will no longer offer residential loan trading, GNMACMBS or CMO products, but jobs impacted in those areas willnumber no more than 50, one of the people said.
Barclays ranked third in IFR's US ABS league tables for2015, with an 10.6% market share of the US$188.3bn total ofbonds sold. (Reporting by Joy Wiltermuth; Editing by Shankar Ramakrishnanand Marc Carnegie)