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City job cuts may come thick and fast unless deals pick up
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fnlondon.comThe warnings about a City jobs bloodbath splashed all over the financial pages can be blamed on one thing according to a veteran investment banker. It isn’t the slump in deal-making in recent months, nor the frantic hiring of juniors in the boom or the reluctance to make redundancies during the pandemic.
“It’s Goldman Sachs’ fault”, he says. And he is only half-joking.
His...
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