Monthly Archive April 2016

ByMichael Morrison

Investment Banking Redundancies

Employment solicitors in London are bracing themselves for a flurry of activity in the preparation and reviewing of settlement agreements and tribunal proceedings.

Banks such as Credit Suisse, Barclays and Deutsche are reducing their investment banking departments and some are reducing staff numbers by thousands. Challenging market conditions, unprecedented low levels of client business, exposure to illiquid inventory and an inflexible cost base have together conspired to create an extremely depressing scene.

 

 

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