Job cuts ravage European ABS as BofA quits and DB, CS downsize

25 Jan 2008

A NEW wave of job cuts has gutted European securitisation teams this week, leaving many senior and middle ranking bankers in search of a job.

Credit Suisse said it is axeing some 150 jobs in the UK across its global securities department, within its investment banking division.

Part of this will involve cutting the European ABS team from 24 to four, according to an informed source. Those staying include Adrian Carr, head of European ...

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