Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 1 October 2012 [View all]Ghost Dog
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New City jobs have plunged by 15% within a month, according to a survey released after a scathing review of the Libor scandal.
Research showed 2,490 job vacancies appeared in September, down from 2,925 in August.
The City slide comes after a steady summer job market, according to data compiled by an international recruitment firm.
"The last quarter has seen two of the UK's most successful banks put in the stocks, the widening of the Libor scandal and announcements by a number of banks to continue to scale down their investment banking operations," Mark Cameron, Chief Operating Officer at Astbury Marsden, said.
"It has proved to be an unexpectedly bad summer for bankers," he said.
Astbury Marsden said the Centre of Economics and Business Research has predicted that by the end of 2012 the City will have lost 100,000 jobs since 2007 - leaving 255,000 finance jobs, the lowest since early 1996...
/... http://web.orange.co.uk/article/news/new_city_jobs_plunge_by_15