Southpaw: Jefferies hits the strategic pain barrier

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Southpaw: Jefferies hits the strategic pain barrier

Fast-growing investment bank Jefferies faces a challenge to press ahead with its global hiring spree at a time when rivals are cutting costs to combat falling revenues. So far it has been able to mine a rich seam of talent as other firms shed staff, but a boost in international revenues is now needed to keep the strategy on track. David Rothnie reports.

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