U.K. Banking Industry Lost 21,000 Top Jobs, Sunday Times Reports

More than 21,000 senior London bankers lost their jobs last year, equivalent to one in seven of the city’s senior finance executives, according to a report from corporate advisory firm IMAS, the Sunday Times said.

The bankers in the study, produced from Financial Services Authority statistics, were still out of work at the end of 2011, according to the report, the Sunday Times said.

To contact the reporter on this story: Jason Webb in London at jwebb25@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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