Image: One Churchill Place, Barclays’ main headquarter in Canary Wharf, London Borough of Tower Hamlets.

Barclays has pared back its total workforce by 12,000 in the past six years.

Chairman John McFarlane this month assumed the day-to-day running of the bank until a successor is appointed, working particularly closely with Finance Director Tushar Morzaria.

The City watchdog inspected Barclays 186 times in 2014, 100 times more than the next most visited bank, HSBC, which was subject to 85 encounters, an FOI by Bloomberg revealed.

However, Reuters reported that Barclays has no additional job-reduction plans beyond the 19,000 cuts the bank announced in May 2014. The shares are up about 16% this year.

While McFarlane’s reputation for deep cost cuts at United Kingdom insurer Aviva PLC earned him the nickname “Mack the Knife“, he has signaled he will focus on boosting revenue at Barclays. McFarlane has reportedly told top staff that he aims to double the bank’s share price in three years.

Over 35,000 jobs are set to go at Barclays Bank.

The chairman’s other priorities are to continue the bank’s “ambitious” cost-cutting program and increase revenue in United Kingdom mortgages and credit cards, Citigroup analysts Andrew Coombs and Ronit Ghose, with a buy rating on the stock, wrote in a note on Wednesday.

Barclays, the number 1 name in banking sector plans to cut more than around 30000 jobs within two years after they have also terminated Chief Executive Antony Jenkins this month, as reported by the media.

In private meetings, Jenkins had raised the possibility that job-cutting programs and existing efforts to automate back-office functions may eventually leave the London-based bank with fewer than 100 000 employees, though probably not until the medium- or long-term, the person said. RBS cut headcount from 184,500 in 2008 to 89,700 at the end of past year, while Lloyds reduced staff numbers from 132,000 to 95,088 over the same period. Also, the company’s USA division remains significantly more profitable than its Asia or Europe investment banking branches.