More investment banking job cuts coming

Tools

The global investment banking industry stands on the cusp of a major realignment. A new report holds that 40,000 more jobs will be lost over the next few years, on top of the cuts already announcements. The industry has cut 15,000 of 500,000 jobs since mid-2011, according to Roland Berger Strategy. What's more, more banks will likely "give up their global ambitions." Indeed, the number of truly global banks will shrink to about ten or even less. Article