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BNP Paribas Cuts 10% of Staff in CN Investment Banking: Report
The investment banking unit of BNP Paribas in China made its first layoffs since its expansion 2 years ago, cutting about 10 jobs due to weak trading activity in the market.It has ...
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The investment banking unit of BNP Paribas in China made its first layoffs since its expansion 2 years ago, cutting about 10 jobs due to weak trading activity in the market.

It has been reported that BNP Paribas laid off 7 staffs across investment banking, corporate finance and equity capital markets last week in Hong Kong, along with 3 staffs from its mainland offices.

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In addition, a managing director in charge of IPOs was also laid off, meaning that the redundancy involved about 10% of the bank's China-related staff.

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