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Barclays Bank closes US technology hub

Barclays Bank closes US technology hub

April 4, 2016

Barclays bank is closing a technology hub in the US and laying off 270 people as it weighs up its global delivery options.

The centre in McKinney Texas – which is part of Barclays investment banking arm – was set up in 2014. At the time Barclays promised to invest $4m if the local development organisation could recruit 500 people by 2017 and retain them until at least 2022.

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