Anthony Jenkins, Group Chief Executive of Barclays bank, poses for photographers during an interval in a media conference in central London on February 12, 2013. AFP PHOTO/CARL COURT
UNDATED (CNN) -- British bank Barclays is getting rid of jobs and scaling back investments to try and revamp its reputation.
The bank is cutting 3,700 jobs and also plans to close several operations in Europe and Asia, including a tax-planning unit.
CEO Antony Jenkins said in a statement the goal is to regain the trust of stakeholders.
The overhaul comes after a series of scandals at Barclays, including the rigging of benchmark interest rates.