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Another Top Firm May Make Serious Middle and Back Office Job Cuts

November 2, 2015 : Permanent Link

(Reuters)BNP Paribas may make significant middle and back office job cuts as part of a plan to cut costs in its investment bank that includes using ‘big data’ technology to identify client needs, a person familiar with the matter said. Reuters reports that like rivals around Europe, the bank is in the throes of an overhaul that could lead to job cuts, as tightening regulation in Europe and the United States strains finances.

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