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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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Elena Vysotskaia Founder & CEO at Astra Global
03 January
Joris Lochy Product Manager at Intix | Co-founder at Capilever
31 December
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
30 December
Carlo R.W. De Meijer Owner and Economist at MIFSA
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