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U.K. Financial Services May Have Cut 9,000 Jobs, CBI Survey Says
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The U.K. financial-services industry lost an estimated 9,000 jobs in the third quarter as revenue and profit declined, according to a survey by Britain’s biggest business lobby group.
Banks, insurers, asset managers and other financial firms may eliminate a further 3,000 employees in the final three months of the year, the Confederation of British Industry said in a report today. At the end of June, the industry employed