Wall Street's Workforce Is Slowly And Relentlessly Shrinking

It's relentless. Every year, the number of bankers and traders employed by the largest banks on Wall Street shrinks a little. Headcount across investment banking, equities and fixed-income trading at the top 12 banks dropped by 1,900 from the first quarter of 2016 to the first quarter of 2017, a fall of 3%, according to new data from industry consultant Coalition.

BING NEWS:
  • wall street
    Goldman Sachs recorded a 28% surge in quarterly profits -- topping Wall Street's expectations thanks to surprising strength in the bank's trading and investment banking operations. The Wall Street ...
    04/15/2024 - 3:28 pm | View Link
  • Wall Street
    JPMorgan CEO Jamie Dimon sold stock worth $33 million on Monday, after disposing of shares worth $150 million in February. Goldman Sachs CEO David Solomon breaks down how the AI obsession is ...
    04/12/2024 - 8:53 am | View Link
  • The Worst Part of a Wall Street Career May Be Coming to an End
    Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work, raising tough questions about the future of finance. By Rob Copeland Rob Copeland spoke to ...
    04/9/2024 - 1:00 pm | View Link
  • Wall Street Breakfast Sector Survey: How It Started, How It's Going
    This explains why sector rotation and even long-short sector strategies have been part of Wall Street's arsenal for decades. The second quarter starts with hints that the market may broaden out a bit.
    04/3/2024 - 2:34 am | View Link
  • What Is Wall Street? Location, Importance & Job Types
    Three thousand people alone work on the trading floor of the New York Stock Exchange; in total, Wall Street’s firms are estimated to employ 9% of the city’s workforce, or roughly 180,000 workers.
    03/4/2023 - 8:04 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News