Top banks culled 1,700 equities jobs last year
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.
The tally of front office staff generating revenue on a full-time-equivalent basis in equities sales, trading and research across the 12 banks was 15,800 in 2019 — a 1,700 fall from the 17,500 employed in 2018.Deutsche Bank was one of the banks which cut their equities ...
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