US banks look to beat 2015 earnings record
To achieve that goal, they will have to cut costs even deeper than last year, when they also shed 20,000 jobs
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New York
WALL Street banks just eked out their most profitable year since before the financial crisis by slashing budgets. Can they top that?
The sobering answer for many is that they can - if they cut even deeper than they did in 2015, when they reduced costs by 13 per cent and shed more than 20,000 jobs.
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