Speaking at the UBS Warburg investment conference, Mack gloomily predicted that 'we will continue to lose jobs in the industry.'
He did, however, concede that there had been recent signs that the market was improving. He confirmed that M & A activity, in particular, has picked up in recent weeks.
Bank Chief Warns Of More Cuts
CSFB Chief Executive John Mack told an investment conference in New York Monday that the investment banking industry will continue to suffer in the short term and warned that more job losses were likely.
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