| 06:10 EDT |  | JPM, USB, MS, BAC, WFC, C, GS | Major banks have cut 160,000 jobs as many leave the industry, Reuters reports
Big banks have announced some 160,000 job cuts since early last year, with more layoffs coming as the industry restructures, reports Reuters. Many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. A Reuters analysis of job cuts announced by 29 major banks showed the lay-offs were much bigger in Europe than in Asia or the U.S. Reference Link |
