As MiFID II draws closer, there has been a spate of reports predicting the dire consequences of unbundling on Europe’s investment banks. The separation of research from execution is expected to lead to hundreds of job losses for research analysts as banks restructure their operating models, according to a new report from consultancy McKinsey. The… Read More >>
Barclays to Lay Off 1,000 in Investment Banking
Barclays will be shrinking its investment banking staff in Asia and elsewhere by 1,000 or so as a result of the bank’s decision to exit markets that are proving to be a challenge for global financial services firms. Overall, the investment bank of Barclays “will continue to focus on its two home markets in the… Read More >>
