Banking in the press

Banks hiring more graduates this year Global investment banks are hiring 13.5 percent more graduates than last year on average, with one looking for an additional 52 percent this year. http://www.milkround.com/lrd.asp?l=508553&lid=6&m=25241&u=835107

Banks put freeze on recruitment, 11 September 07 Investment banks in the City of London have stopped hiring staff as they wait to see how the liquidity crisis plays out. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/10/cncity110.xml

City stars warn of months of turmoil ahead, 25 sept Leading City figures have warned the credit crunch, which last week prompted Britain's first bank-run for 140 years, could continue for another 18 months. (...) So far, redundancies at the major investment banks have largely been isolated to those working in the US mortgage arena, where as many as 60,000 have lost their jobs. Estimates suggest that up to 10,000 workers in the City of London could also face redundancy. http://news.independent.co.uk/business/news/article2990043.ece