Hedge Fund News From HedgeCo.Net

Top firm could axe 1 in 10 staff

September 26, 2016 : Permanent Link

(HITC Business) Thousands of jobs could go. Commerzbank is planning to cut thousands of jobs as it revamps its strategy to contend with the drag on earnings from ultra low interest rates and lacklustre demand for loans, sources familiar with the bank’s thinking said. Reuters reports that the figure is likely to be substantially higher than the 1,500 jobs that were under recent internal discussion…

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