BNP Paribas may cut jobs

A number of jobs are said to be on the line.

BNP Paribas is reviewing its global markets business in London in an attempt to cut costs and improve its profitability, a person familiar with the matter said on Friday.

Reuters reports that the review was launched recently and will assess the bank's cost base and how to optimise resources and grow revenue, the person said.

A number of jobs are on the line at the bank's global markets business in London, although nothing has yet been decided before consultations are carried out, another person familiar with the situation said.

To access the complete Reuters article hit the link below:

BNP Paribas eyes cost cuts at UK global markets business - source

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