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London Financial Jobs to Fall to 20-Year Low, Study Finds
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Employment in London’s financial-services industry may tumble to a 20-year low in 2013 as a slump in equity and foreign-exchange trading and mergers triggers job losses.
Positions in the City and Canary Wharf financial districts may fall to a revised estimate of 237,000 in 2013, compared with 256,000 predicted six months ago, the London-based Centre for Economics and Business Research said in a statement today. That would be the lowest number since 1993 and down from 354,000 in 2007, the research firm said.