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More hard pruning on the cards for investment banks: study
Published Tue, Mar 15, 2016 · 09:50 PM
London
INVESTMENT banks still have considerable hard pruning to do - especially those in Europe - to cope with falling revenues and to improve returns, according to a study published on Monday.
"Our base case sees revenues down about 10 per cent in 2016, putting ever greater pressure on management teams to act," said the joint study by Morgan Stanley and Oliver Wyman.
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