Stanley EpsteinCitadel Advantage Ltd - Modiin
30 August 2008 | 2980 views | 0 | Recommends 0
Good for the FSA for warning the investment banks on staff cuts in middle and back office functions .
Clearly from the banks side, it is the usual story. Back and middle office staff are expendable. They are simply an added cost “burden” that has to be cut as soon as margins are squeezed.
Imagine ripping out half your car’s eng...