job cuts
Lazard to slash 7% of asset management jobs
Lazard is set to shed up to 7% of its jobs in its asset management arm following a review of the business.…
HSBC to trim headcount by more than 4,000
British banking group HSBC is set to reduce its headcount by more than 4,000 as part of a restructure. The…
HSBC to axe hundreds of investment banking jobs
British banking group HSBC is planning to shed hundreds of jobs at its investment banking arm in a bid to…
Legg Mason trims staff headcount by 120
US-based asset management firm Legg Mason is set to slash 120 jobs in a cost-cutting drive. The job cuts equate…
Nomura plans job cuts in $1bn turnaround strategy
Japanese brokerage Nomura is set to cut jobs as part of a $1bn cost-cutting drive for its wholesale business. The…
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Julius Baer net profit rises and AuM dips amidst job cuts
Swiss private bank Julius Baer has reported net profit attributable to shareholders of CHF735.4m for the year ended 31 December…
GAM to axe 10% of jobs after it forecasts full-year loss
Swiss asset manager GAM has announced plans to slash around 10% of jobs next year as part of a restructuring…
NAB annual cash profit rises 2%; announces 6,000 job cuts
National Australia Bank (NAB) has reported cash earnings of AUD6.64bn ($5.1bn) for the year ended 30 September 2017, a rise…