Societe Generale could shed 1,500 investment banking jobs as part of a cost-cutting plan, French newspaper Le Figaro reported.
The firm, however, seems to think it has a viable plan.
'You can hardly run this business with less'.
It’s not quite working for free, but it’s pretty close.
Plans to cut jobs in less profitable investment banking businesses.
Here's our best estimates of when 2018 bonuses are likely to be announced / paid.
Bloomberg News reports that Societe Generale is planning to substantially cut costs at its corporate investment-banking unit, a person familiar with the matter said, after the bank warned that “challenging” conditions in the fourth quarter dented revenue from market units.
Houlihan Lokey announced the appointments of Christian Keller and Ann Sharkey to further strengthen the firm’s European Financial Sponsors Group.
'Control these excessively large costs'.
Deutsche Bank, struggling to enact a turnaround, has seen a surge in turnover among investment bankers in Asia since May, as cost-cutting and sinking morale has prompted dealmakers to leave, people with knowledge of the matter said.
Newcastle United boss Steve Bruce has quickly strengthened his attack since taking charge at St. James' Park.
Tottenham Hotspur boss Mauricio Pochettino is known to be a big fan of Juventus forward Paulo Dybala.
Tottenham Hotspur have previously been linked with the Crystal Palace winger, who now wants a move to White Hart Lane.
Everton are said to be interested in Moise Kean, as Marco Silva looks to improve his attack.
Celtic are reportedly keen to sign Basel defender Silvan Widmer.
Leeds United sold Pontus Jansson to Brentford earlier this summer, in one of the most surprising transfer moves of the window so far.
Everton boss Marco Silva is said to be keen on both Wilfried Zaha and Moise Kean.
Tottenham Hotspur reportedly 'consider' a move for the Lyon star.
Liverpool recently secured the services of highly-rated Fulham youngster Harvey Elliott.
Tottenham Hotspur were beaten by Liverpool in the Champions League final in their last competitive match.