Change! New Wave of Job Losses to Hit Banking Sector

September 21, 2012

It’s increasingly difficult to hold an election while the world is falling apart from Wall St. to Karachi and the media seems so unwilling to connect the dots and point out the relevancy of how much of this is due to the current administration.

The move by Bank of America and Nomura to shed large numbers of jobs is just scratching the surface of a redundancy wave that is set to hit the banking sector, Simon Maughan, financials sector strategist at Olivetree Financial Group, told CNBC on Friday.

via CNBC.

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