Hiring on hold as banks battle virus impact

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Hiring on hold as banks battle virus impact

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Businessman in search of new employees and specialists. The concept of personnel selection and management within the team. Dismissal and hiring people to work. Human Resource Management. | Андрей Яланский - stock.adobe.com

Investment banks are said to be freezing hiring plans in capital markets, as the impact of the coronavirus epidemic slashes new issuance volumes and expectations for the year ahead. Some institutions are also said to be using the virus as an excuse to push through planned cuts to banking businesses.

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