Australian investment bank Macquarie Group is cutting about 100 jobs in its equi...
) is cutting about 100 jobs in its equities business in London and New York, a source with direct knowledge of the matter told Reuters on Tuesday.
At least four trading sources at other brokerages said their contacts at Macquarie’s equities research and trading businesses could not be reached on their usual messaging systems on Tuesday morning. In July, Deutsche Bank slashed 18,000 jobs in a 7.4 billion euro overhaul with staff reductions stretching across from Sydney to New York.
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