Deutsche Bank is culling one in seven traders from its global markets division. Proprietary traders and structured credit traders will be most affected; commodities traders and FX traders will be fine. Most of the blood will be spilt in London and New York. We suggested only last month that Deutsche might want to think about trimming a few people.
Traders turn to spread betting. (Financial Times).
Goldman shares down another 11%.
Citigroup shares down another 12%. (Guardian).
Citi's troubled tale. (Wall Street Journal).
Rothschild paid record bonuses (in June). (The Times).
Nat Rothschild is cutting jobs.
300 people going at Fidelity in London.
Jobs pain comes to Asia. (DealBook).
Canaccord Adams hires three people from Landesbanki. (Financial News).
Bailed out banks urged to bring in women. (Financial Times).
Ex-head of Evolution and Beeson Gregory retreats to desert island to explore inner self, write book. (The Times).