Heard on the Street: American banks continue to lay-off, “cutting muscle not trimming fat”

By | 20 March 2012 | 1 minute read

Despite the rally on global indices since the beginning of this year, banks remain cautious in their outlook and are continuing to cut jobs in Asia. Two large American banks are initiating a third round of redundancies in Asia, one on Monday and one later this week. “This is beyond trimming fat – we’ve trimmed fat already, we cut flesh…

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