No summer of love for London bankers

Brexit-battered Britain bearing the brunt of banker job losses. “Things will get worse,” said Amrit Shahani, research director at Coalition. “We expect a further 10% reduction in investment bank headcount in the U.K. over the next two years, partly due to Brexit job moves. This year, the U.K. will see double the headcount reduction of previous years, due to lower revenues at investment banks,” said Shahani.

The world is changing rapidly driven by developments in communication and information technology which created efficient markets & tight quoted prices in financial products as equity, ETF`s, FX, derivatives, futures with less margin left to make which resulted in lower P&L. After the crisis there was a short uptick in volumes and after that volumes continue to shrink with a shift in interest into long term stance vs short gambling attitude where consumers nowadays invest more in equity, bond, mm funds-trackers. We all knew that this would cause a shift into a different job which needed different skills. So old fashioned trading is hard now and other participants like market makers and HF traders came in the lead with computerized digital trading based on algorithms in high volumes to earn from tiny margins which is effective for today, but can be different tomorrow Making a shift in jobs and do something totally different out of your daily comfort zone is refreshing and makes you happy with your new found self. Although this is a life and ongoing journey. Good luck and take care , but what ever happens there is always light at the end as long as you believe in yourself and open to adopt changes where you can transform yourself for the future https://lnkd.in/dEhs32J

I wrote this on Friday but the story continues to dominate the headlines — it looks like Deutsche Bank cuts could come as soon as this week now. Is it enough to turn around performance? #banks #banking #finance #IB #investmentbanking #DeutscheBank

Empty Desks and Early Beers: Life at Deutsche Bank in New York https://lnkd.in/f7ikNXm

"The scale of job losses and changes in the industry are forcing bankers to examine all manner of alternatives..."

Cuts are concentrated at non-U.S. investment banks. European lenders, hobbled by weak domestic growth and negative interest rates, have been losing market share for years... #investmentbanking #change #automation #blockchain

Deutsche Bank plans to hire 300 more relationship and investment mangers for its wealth management business by 2021, as part of a plan to bulk up in areas the German lender hopes will bring steadier revenue streams. Deutsche Bank is in the middle of a major restructuring as it tries to shrink its investment bank that has struggled to generate sustainable profits since the 2008 financial crisis. The shake up is expected to lead to thousands of job cuts in areas like equities trading. Wealth management is attractive to banks as it requires less capital and its earnings tend to be less cyclical. But it is also highly competitive. Swiss banks UBS and Credit Suisse are already big players, with wealth management at the heart of their business models, while upstart FinTech companies are also trying to make inroads. #fintech #upstart #wealthmanagement #wealthtech #deutschebank #investmentmanagers #wealthmanager #lender #restructuring #investmentbank #finance #financial #startups

I understand companies want to restructure to become more efficient, but many of them use restructuring to cut salaries, their human capital, in order to save money. Saving money may seem to drive efficiencies, but any company, even an inefficient company, can save money by cutting salaries. How was it determined that 20,000 people had to go? Who allowed this to happen? Or this the beginning of a "domino effect"? Stay Strong! #business #jobs #career #money