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FT.com / In depth - Wall Street jobs axe threatens 70,000

FT Alphaville found this 11/10/2008 on ft.com

The financial industry is bracing for a fresh round of job cuts as Wall Street banks slash costs to cushion the blow of further market turbulence and deepening economic woes in 2009. Executives and analysts say the redundancies – to be finalised this month as banks prepare next year’s budgets – ...