European banks set to implement larger cuts in staff numbers than their peers in the US, although big cuts are expected across the board.
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While most large Russian banks have managed to hold onto their position relative to each other, they have all suffered significant falls in Tier 1 capital and profits as they find themselves challenged by currency depreciation and difficult market conditions. Written by Matthew Karwacki, research by Valeria Yakutovich.
London is the top performer in a far-from vintage year for attracting foreign investment to European financial centres, as well as being the leader for outbound investment.
Since the 2008 financial crisis, European banks have shed a significantly higher proportion of their workforce than their counterparts in the US.