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Macro firm shedding around 100 jobs after difficult 2023
The FTSE 250 asset manager is underperforming despite CEO Stephen Bird’s efforts
The cuts would come on top of the redundancies the Big Four firm already announced in September
Shares in spread betting group rise 13% on plan to save £21mn by 2025
Germany’s biggest bank plans to lift shareholder returns despite drop in quarterly profits
Mid-size UK asset managers are suffering from rising regulatory costs and client outflows
Cost savings by Axel Springer-owned financial news outlet follow a dispute with billionaire Bill Ackman
Fund houses are struggling to maintain margins as market volatility and outflows bite
Employees exploring legal challenge to asset manager’s changes to parental leave and redundancy terms
Bank reports $1.8bn fourth-quarter loss after taking $4bn in one-off charges
Fink and Kapito say headcount will increase this year as firm invests in technology and new offerings
Trend set to continue over coming year amid subdued dealmaking and listing activity
Cutting from the lower-paid bottom ranks is not the answer to a slowdown in deals
US bank’s efforts to reduce expenses pressured by fewer employees leaving voluntarily
EY has launched 10 redundancy consultations in recent months
Over 2,500 positions under review as part of restructuring at UK high street bank
Chief executive Jane Fraser’s overhaul of Wall Street bank could result in thousands of job cuts
Charles Schwab, Prudential and Invesco announce cost controls as industry turns cautious after 2021 hiring spree
Cuts are part of a wider round of 800 redundancies at Big Four firm
Big Four firm has been hit by dearth of deals and slower economic growth
‘Overhiring’ in some areas has led consultancies to make job cuts, say recruiters and analysts
Cuts under annual ‘strategic resource assessment’ scheme expected to be at lower end of range
Executives pay steep price to unwind overexpansion during Covid-19 pandemic
Executives try to reverse pandemic recruitment spree that propelled headcounts to record highs
Chief financial officer says US debt ceiling stand-off knocked trading business in second quarter
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