06:02
societynews[dot] org
Reuters reports that Royal Bank of Scotland CEO Stephen Hester confirmed last week that additional 2,000 investment bank jobs would go in the 12 to 18 months.
Hester, has said that the 2,000 figure "would be in the right stage".
Meanwhile, dow jones newswires reported that Knight Capital Group is cut about 6% of its workforce of work (thought to represent approximately 90 positions), as it restructures its operations in the wake of the current conditions of market.
Reuters also reports that, according to Credit Switzerland, a review of the income of a cross section of 7 large investment banks reveals that on average, revenues from fixed-income sales and trading have fallen by 36% in the second quarter from the first quarter of 2011. The jury is still decided that this fall is totally focused on the market, or is part of a structural change caused by settlement increased and more capital ratios.
Finally, reports The Financial Times that, according to the Research Hedge Fund, hedge fund average started last week, approximately 1.6% through 2011, but this quickly evaporated that the markets are directed towards the South towards the end of the week.
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