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Berenberg cuts 50 jobs in New York amid weaker markets
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German bank Berenberg has laid off around 50 people in its New York office in the latest sign that investment banks are preparing for cuts after a slowdown in revenue.
The bank, which has been expanding its operations in the US as part of a broader push within its investment bank, is rolling out cuts that will affect around a third of its employees in the country — or 50 people — according to people familiar with the matter.
"We...
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