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So long, banker

Article Abstract:

The current recession in investment banking is the sector's worst since the 1970s, and banks are making huge job cuts. There has been a major slump in advising on mergers and acquisitions and underwriting public offerings.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001

Banking industry

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Wielding the axe

Article Abstract:

International investment banks have cut some 25,000 jobs so far in 2001, but more aggressive cuts will follow unless business improves soon. The number of senior executives losing their jobs is the highest since 1990.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001

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More time with the family

Article Abstract:

Many Wall Street investment banks are shedding jobs, a trend which appears likely to continue.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001

Wall Street

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Subjects list: Economic aspects, Human resource management, Investment banks

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