Sources believe that Europe’s banking giants, including Deutsche Bank, UBS and Credit Suisse, along with Societe Generale and Dexia, are preparing to wield the ax in a way not witnessed since the depths of the financial crisis in 2008. “People will be fired everywhere,” said Dick Bove, an outspoken bank analyst at Rochdale Securities. [NYP]
Layoffs Watch '16: Credit Suisse Bankers Are Girding Their Loins
The Swiss bank is said to be asking London bankers to turn in their ID badges, forever.