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.
Barclays has promoted 85 executives in the international division that houses its investment bank to the rank of managing director, the British lender said on Friday.