The banking and trading positions, which excludes administration staff, declined to 54,448 in 2012 from 61,559 in 2011 with the deepest cuts in Asia-Pacific and Europe, London-based Coalition said in a statement.
'Despite having fewer front office producers than the Americas, Europe, Middle East and Africa cut significantly harder for the second year in a row', Coalition said in the statement. A 'significant acceleration' also occurred in the Asia-Pacific region, it said.
Hit the link below to access the complete Bloomberg article:
Investment Banks Cut Senior Staff by 12% in 2012, Coalition Says
Citigroup Lost $15 Million With UBS’s ‘Crap’ CDO Blessed by S&P
Aberdeen Buys Artio Global Investors to Boost U.S. Fixed-Income
The Alchemists: Three Central Bankers and a World on Fire
Hubris: How HBOS Wrecked the Best Bank in Britain
