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Covid-19: Big banks reassure staff on layoffs owing to future uncertainty


There could be a sudden surge in activity once cities re-open, people get back to work and markets normalize in a few months - leaving banks unprepared if they fire staff that seem unnecessary now

Medical personnel from BayCare test people for the coronavirus in the parking lot outside Raymond James Stadium in Tampa, Florida. Photo: PTI

Big banks are postponing decisions about staff cuts as the coronavirus outbreak hits their businesses hard, with executives saying they are unsure how long the outbreak will hurt the economy and worried about being unprepared if business suddenly snaps back.

Morgan Stanley , Goldman Sachs ...


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