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ANALYSIS-Job cuts, lean bonuses loom over Europe’s bankers in 2024

Summary by Ground News
Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. The $2,669 billion of deals struck so far this year globally is the lowest since 2005, Dealogic data shows. In the Europe, Middle East and Africa region, the $616billion of deals which have been completed is lowest since 2004.
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ANALYSIS-Job cuts, lean bonuses loom over Europe’s bankers in 2024

A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt’s ‘Mainhattan’ financial district. Even rainmakers renowned for seemingly conjuring deals from nowhere are struggling to see ways to work their magic and drag investment banking revenues out of the doldrums. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flo…

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philenews.com broke the news in on Friday, December 1, 2023.
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