City job vacancies fall, as firms put recruitment on hold

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Job vacancies at London’s financial-services companies fell 12% cent last month, as tougher rules on capital deter banks from hiring.

Bloomberg news reports London financial services vacancies saw a drop of 27% cent on the previous year according to recruitment firm Astbury Marsden.

The firm cited tougher rules on capital deterred firms from hiring as job openings in London’s and the Canary Wharf’s financial districts which saw a 12% cent drop from just under 2,500 in June to just under 2,200 in July.

Astbury Marsden’s chief operating officer Mark Cameron said positive results for some banks if 'fuelling renewed confidence'.

He said: 'However, this has not yet translated into an increase in new roles across the industry as regulators’ more stringent requirements on capital are making banks more cautious about expanding headcount'.

'Many banks have put recruitment on hold while they review their operations'.

To access the complete Bloomberg article hit the link below:

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