US Banks Braced for Further Bad News

U.S. liberal Democrats should be cheering this news. All that greed must be getting rung out of the system, right? Those greedy bankers are getting theirs, their bonuses are smaller, yada, yada, yada. 

Well, here’s one forecast:

Meredith Whitney, a bank analyst, predicted recently that the securities industry might shed as many as 80,000 jobs globally in the next 18 months amid a prolonged revenue slump.

 

Here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s