Global investment banks have been suffering this year, with European banks being hit the hardest.  As a result, nearly 30,000 jobs have been cut or are set to be cut across the sector.  Deutsche Bank’s radical overhaul of its business accounts for a large proportion of global cuts, but Barclays and Citigroup have also announced major cuts across their operations.

Nearly 30,000 investment-banking jobs are on the chopping board this year as the global banking industry looks set for a gloomy second half of 2019. 

The Financial Times reported that most of the cuts have been in European banks, with Deutsche Bank making up a large portion of the layoffs after last month’s overhaul. 

But American banks such as Citigroup are also struggling as falling

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