Wall Street bankers at all time minimal
The variety of traders have fallen to the lowest figure given that the US government began monitoring in 1990, calling into question the resilience of the economic providers sector
A dramatic decline has been recorded in the quantity of New York traders, which have fallen an all time minimal since data started.
Wall Street has recovered from dramatic financial crashes in the past, even though these new figures call into question the resilience of the economic services industry.
In the United kingdom, Barclays announced it is to reduce much more than a quarter of the employees in its investment banking arm as element of a radical overhaul of the lender that will also lead to the closure and disposal of its complete European retail business.
Video source: Bloomberg
Relevant Articles
-
Why is Barclays’ investment financial institution performing so badly?
06 May 2014
-
Barclays chairman cuts 7,000 investment banking jobs
08 May 2014
-
Barclays cuts proves US banking model is dead
08 Might 2014
-
How would criminal charges harm banking sector?
thirty Apr 2014