Big US and European banks are cutting investment banking jobs in the Middle East as the promise of emerging markets is overshadowed by a need to slash costs and a dearth of deal activity
Institutions including Deutsche Bank, Credit Suisse and Japan's Nomura Holdings have all cut jobs in their investment banking teams for the region in recent weeks.
And where previous cuts have seen junior bankers shown the door, the recent round has included directors and, in Nomura's case, the head of its investment banking operations in Dubai.
No comments:
Post a Comment