7000 job cuts to come at the Investment Bank. That is more than 25 . Cuts in the retail bank along with a bad bank. Lets get on with the details. Lets dig deeper into barclays strategy. The chief executive, Anthony Jenkins joins us from headquarters in london. Thank you for joining us today. This isnt the first strategy overhaul we have had. Why should investors believe this one is going to work . Good morning. Firstly, we laid out last year a clear direction for barclays. We wanted barclays to become the goto bank. We wanted to deliver superior returns for our shareholders. There has been significant changes to the regulatory and economic environment. We have the same objectives. This is a different way to get there. I believe investors will have high confidence in our ability to execute the strategy change. Are you sticking to your target . Are stillned you targeting 12 of return on equity by 2016. What about the rest of them . In most cases, the targets have either stay the same or