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Desperate London Bankers Brace For Thousands Of Job Cuts As ‘Summer Of Gloom’ Begins

Yesterday, we reported about the increasingly dejected atmosphere at Deutsche Bank’s Wall Street headquarters, where the looming fear that the bank is going to gut, shutter or sell most, if not all, of its US i-banking business has inspired those remaining employees to openly hunt for other jobs, while some managers and more junior employees are treating every day like its a Summer Friday.

But while things are certainly looking dire at 60 Wall Street, in the UK, where the looming uncertainty over Brexit is being compounded by a continent-wide slowdown, the impact on the financial services industry is being acutely felt, particularly among interns and junior analysts who are worried that they won’t be able to find permanent jobs in the City as thousands of job cuts loom.

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