Financial Industry May Lose 150,000 Jobs in 18 Months, Bove Says

Banks and other financial firms may lose 150,000 jobs by the middle of 2013, said Richard Bove, an analyst at Rochdale Securities LLC.

“The financial industry in my view is going to shrink by about 150,000 people over the next 12 to 18 months,” Bove said during an interview today with Tom Keene on “Bloomberg Surveillance.”

To contact the reporter on this story: Laura Marcinek in New York at

To contact the editor responsible for this story: David Scheer at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.