Pay normalization for investment bankers

Pay normalization for investment bankers

Pay normalization for investment bankers UBS to slash bonuses to encourage people to leave and avoid having to pay severance. The bank intends to make 10,000 investment banking layoffs over the next three years . “If UBS can persuade people to leave voluntarily, it will save large amounts of money,” said Dirk Becker at Kepler Capital Markets. ==================== Barclays PLC is laying off 15% of its employees, or about 70 people, from its investment-banking division across Asia. The Asian job cuts come as the bank is laying off about 10% of its investment-banking workforce world-wide, or some 2,000 employees ==================== => this ain't good for Singapore CCR rental __________________ You can checkout anytime you want, but you can never leave

Full article: http://forums.condosingapore.com/showthread.php?p=371636#...