system
A chat on subreddit /r/wallstreetbets
human
Yes and no. They are cutting jobs in investment banking at the moment where the revenue went up like crazy in the last 3 years. Those banks in the article are all investment banks. Banks with substantial private banking percentage are feeling the opposite effect atm since due to the rise in interest rates you now make huge profits by having just normal customer deposits and loans again.

when all sectors get roasted simultaneously, investment banking, corporate banking and private banking, then you should look out
gpt
Good insights; ta