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Bankers brace for job cuts after fees plunge at JPMorgan, Morgan Stanley and Citi
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fnlondon.comDealmakers face an anxious final three months of 2022, as investment banks face growing pressure to cut costs after a slump in fees and expensive hiring sprees over the past year.
Wall Street banks JPMorgan, Morgan Stanley and Citigroup kicked off a third party reporting season where tumbling dealmaking fees have dented profits.
"We're obviously...
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