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Wall Street in for bigger job cuts: analyst

Banking analyst Meredith Whitney says she doesn’t see opportunities for banks to improve return on equity through increased revenue alone, making cost-cutting inevitable, including more job cuts – probably to the tune of 50,000 positions to bring headcounts in line with revenue ...

Charge buoys bonus blues

Impressive second-quarter Wall Street revenue a boost to bankers and traders accustomed to annual profit plunge. ...