Reported 27 days ago
As U.S. investment banks brace for potential job cuts due to declining deal-making activity and economic uncertainty, major firms like JPMorgan and Bank of America have already begun layoffs. Analysts suggest that if deal flows do not recover soon, other banks may follow suit, reflecting a troubling trend in investment banking fees and equity offerings. With market slumping and executives cautious, the future of bonuses and staff levels hangs in the balance.
Source: YAHOO