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Bloated cost base hits bottom tier banks
Harry Wilson
20 Aug 2008
20 Aug 2008
 |
Friday
05 December 2008
09:09 GMT
Bottom tier investment banks cost on average $64,000 more per employee to run than top firms, according to a new report, which suggests they could easily save as much as $2bn (€1.4bn) a year by cutting their bloated expense base.
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