Banks Seen Shrinking For Good As Lay-offs Near 160,000

LONDON (Reuters) - Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one.

Sections:  news   business   
Topics:  banks   economy   job cuts   layoffs   u.s. economy   
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