Top banks culled 1,700 equities jobs last year

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Top banks culled 1,700 equities jobs last year

Jasper Cox
February 21, 2020 12:15 AM
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03 February 2020, Hessen, Frankfurt/Main: Flames of a fire can be seen in front of the Deutsche Bank headquarters. They are from a fire that occurred during a Greenpeace protest outside BlackRock headquarters. The campaign is aimed against Blackrock's role as a single shareholder in Siemens, a company that has been criticized for its involvement in coal mining in Australia. Photo: Boris Roessler/dpa | Boris Roessler/DPA/PA Images

Twelve of the largest global investment banks reduced their headcounts in equities by 10% last year, leading to one of the “steepest declines in years” in the number of investment bank employees, according to analytics firm CRISIL Coalition.

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