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Barclays Bank boosts technology staff and budget

15 Feb 2011 12:00 AM | Anonymous

Barclays has boosted its technology staff and budget, according to the bank's full-year results.

Staff numbers increased by 1,000 from 66,000 in 2009 to 67,000 last year across the firm's global retail banking operations.

Due to economic pressures, this is not a common trend but one which is largely due to the insourcing of operations and the company's international development of IT infrastructure.

Overall administration and general expenses in the banking arm increased, up 18% from 2009's figure of £5.56bn to £6.585bn last year.

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