LONDON (Reuters) – Global banks are in the process of cutting at least 5,000 jobs as profits at lucrative investment banking units come under pressure from volatility in capital markets and fast-rising interest rates, according to a Reuters tally of reported cuts. Rapidly deteriorating economic conditions have also prompted lenders to build rainy-day funds to brace for potential defaults. The following major banks have announced or been reported to be making job cuts: BARCLAYS Barclays cut its workforce in corporate and investment banking by under 3%, a source told Reuters on Nov. 8, weeks aft…