Barclays slashes staff in UK equities business
The reported reduction in headcount does not represent a change in strategy for the bank, source says.
Tag: Job Cuts
Large investment banks accelerate front-office job cuts in steepest decline for six years
The first quarter this year saw the largest investment banks globally reduce headcounts at the fastest rate since 2014, with equities divisions seeing the largest decline.
Deutsche Bank to shrink rates trading team and review global equities business
Deutsche Bank’s plans will involve a significant reduction in headcount across the US and Asia.
Wall Street layoffs see sharp slow down in 2017
Despite a dramatic drop in job cuts, hiring at US financial firms remained flat in January this year.
Fixed income revenue down 50% at Morgan Stanley
Fixed income and commodities sales again identified as major contributor to lower revenues, though cash equities are also struggling.
Blackrock to cut 3% of workforce
Internal memo to Blackrock's staff reveals around 400 jobs will be cut.
Credit Suisse to cut additional 2,000 jobs
The bank’s targeted savings has been increased as cost-cutting plans accelerate.