Disappearing bank jobs won't be coming back: Nordea CEO

Helsinki

THE 6,000 job cuts announced last week at Nordea Bank AB are just a down payment for an industry facing radical overhaul, says chief executive officer Casper von Koskull.

"If somebody says, where are we, or where are banks, 10 years from now, banks could easily have half what they have today," in terms of personnel, Mr von Koskull said in an interview in London on Friday.