Europes top four investment banks have begun to increase staff numbers for the first time since 2015 to capitalise on improving market conditions after years of restructuring.
Credit Suisse, Deutsche Bank and UBS increased staff numbers in the second half of 2017, their full-year results show. Barclays, which reports staff numbers only annually, also increased headcount in 2017, excluding the impact of the sale of its Africa business, after restructuring in which jobs were cut.
The increase shows the tide is turning for Europes top investment banks, which cut about 12,000 jobs in 2016. Credit Suisse, …
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