Barclays Hires JP Morgan In Broking Shake-Up

Barclays (LSE: BARC.L - news) is drafting in the Wall Street bank with the biggest share of UK broking relationships to help steer it through an intensive period of restructuring aimed at improving its performance. Sky News understands that Barclays has in recent days appointed JP Morgan Cazenove as its corporate broker, alongside Deutsche Bank (Xetra: 514000 - news) , an incumbent. JP Morgan will replace Credit Suisse (NYSE: CS - news) in the role, a decision which is understood to have been he