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High-flying Hong Kong bankers become a lost generation
25 Mar 2024 02:22 GMT
… underscored by the barrage of layoffs by Wall Street firms, … according to Preqin.
China-focused bankers have borne the brunt, spanning … extreme,” she adds.
Office workers in the Central district in … a backlash against the financial industry is also making it …
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Once High-Flying Bankers in Hong Kong Become a Lost Generation
24 Mar 2024 22:44 GMT
… after his family-office employer relocated away from Hong … five years ago, finance industry professionals with Chinese expertise like … by the barrage of layoffs by Wall Street firms, … The gloom is prompting some bankers to make lifestyle adjustments, …
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Will AI help or hurt workers? The answer depends on who you ask
19 Mar 2024 16:05 GMT
… Tuesday, IBM reportedly told employees it was cutting staff … headlines about AI-related layoffs. Fintech firm Klarna … protections from automation, many industry luminaries worry the provisions … enough.
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Bankers will see three-quarters …
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‘We’re not out of the woods yet’ says one of Europe’s biggest growth investors
28 Mar 2024 06:27 GMT
… going for Europe’s startup sector in 2024?
“It’s tempered … will open up — but says bankers tell her they have a … years, laying off around 400 employees in 2022 and pulling out … still feeling the effects of layoffs — and the big old question …
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Layoffs could be coming as debt-laden firms navigate the pain of higher rates, economists say
12 Mar 2024 19:14 GMT
… number of full-time workers declined in February compared … typically puts pressure on employers to start cutting their … the coming year.
Central bankers raised interest rates to their … to Fitch Ratings.
Meanwhile, layoff announcements surged 410% year-over …
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France plans new measures to lure private equity, bankers to Paris
11 Mar 2024 19:31 GMT
… were created in the sector, according to a draft … banks which say potential layoff costs have made it … staff in Paris, industry sources told Reuters.
Some bankers, however, are … make legislation singling out certain employees for exceptional legal treatment, …
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HSBC Adding Bankers to Boost Startup Lending
11 Mar 2024 19:04 GMT
… to recruit around 50 more bankers for his department, aimed at … , and now has roughly 60 employees in its innovation banking businesses … .”
Last year saw the banking sector cut more than 60,000 … the worst years for banking layoffs since the financial crisis of …
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20 Highest Paying Countries for Bankers
11 Mar 2024 17:14 GMT
… growing financial sector. The banking industry is highly demanded … . Societe Generale currently employs 117,500 globally, … workers’ union. Banks nationwide are automating operations, leading to layoffs … compensation packages offered to bankers. Dublin is also …
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Stress and despair: new year, old wounds for Hong Kong bankers with IPO market in slump and windfalls elude investors
09 Mar 2024 02:08 GMT
… banks have seen some significant lay-offs. Goldman Sachs’ headcount … involving big offerings from industry leaders. It has been … improves, according to investment bankers. That could be months … across the investment banking sector, according to Carol Cheung …
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Bankers will see three-quarters of workday transformed by AI
27 Feb 2024 15:50 GMT
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News
Banks can boost productivity by as much as 30% using generative AI over next 3 years
Author of the article:
Bloomberg News
Katherine Doherty
Published Feb 27, 2024 • Last updated 15 minutes ago • 2 minute read
At Citigroup, …