| Banks jump to hire new staff. Only experienced staffers need apply |
LAST YEAR WAS bad news for bankers in Europe, even in the buoyant area of fixed income. Recruiters estimate that 10% of the fixed-income workforce were laid off and still more took pay cuts to keep their jobs. But debt market revenues have been a nice meal ticket this year and the good news is that after months of retrenchment, managers in some banks have a mandate to expand and hire again or will have soon.
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