Investment banks going through pain again; To cut jobs in India

12 July, 2012

Dwindling deal flow, shrinking fees and cost overruns have made investment banks opt for the hard way to keep their India businesses viable – they are going to cut jobs. While the i-banking business in India has seen rounds of job cuts earlier, a few houses are further trimming their teams to stay afloat. Banks like Credit Suisse Securities India Pvt Ltd and Bank of America Merrill Lynch are among a few other top tier i-banks who are going to cut jobs further, people with knowledge of the developments at these banks have said.


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Investment banks going through pain again; To cut jobs in India

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