Bloomberg reports that vacancies in London’s main financial district, known as the City, and elsewhere in the British capital increased to 9,261 last month from 8,442 in February, recruitment firm Morgan McKinley said in a statement.
Salaries for new hires increased by 20% on average in March from 15% a month ago.
Securities firms in the City have been adding employees in their compliance departments following regulatory probes into the manipulation of benchmark interest rates, alleged rigging in currency markets and money laundering. U.K. banks will struggle and face more 'pain', weighed down by conflicting demands from investors, customers, regulators and the government, according to a report by accounting firm KPMG LLP last week.
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