Community
Good for the FSA for warning the investment banks on staff cuts in middle and back office functions .
Clearly from the banks side, it is the usual story. Back and middle office staff are expendable. They are simply an added cost “burden” that has to be cut as soon as margins are squeezed.
Imagine ripping out half your car’s engine simply because the petrol price has gone up?
What should be squeezed are exorbitant bonuses and other totally undeserved perks that the "star" front office performers enjoy.
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Nick Green Director at Purple Patch Broking Ltd
22 August
Oleg Stefanet Chief Risk Officer at payabl.
20 August
Venkatesh P Co-Founder and Director at Maveric Systems
19 August
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