Evolution Group axes 60 investment banking jobs

Fri, 18 Nov 2011 07:55:33 +0000

LONDON (Reuters) – Evolution Group, the mid-sized investment bank that is being taken over by South African rival Investec, said it will cut 60 jobs as a result of tough market conditions. “Due to the current depressed levels of income within the business, management has taken action to reduce the cost base from Q4 onwards,” Evolution said in a statement. “This has been achieved by reducing …
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HSBC cuts several hundred investment bank jobs

Thu, 10 Nov 2011 19:41:45 +0000

LONDON (Reuters) – HSBC Holdings is laying off several hundred investment bankers in London, Hong Kong and elsewhere this week as part of its jobs cull to save billions of dollars, people familiar with the matter said.
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Evolution Group axes 60 investment banking jobs

HSBC cuts several hundred investment bank jobs