Tens of Thousands of Jobs Go as China’s Biggest Banks Cut Costs

  • Agricultural Bank’s staff numbers slip below 500,000
  • Big banks’ workforce to dwindle: BOC International analyst

China's Big Banks See Workforce Decline

China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first half, highlighting the possibility that employment has peaked at the firms that are the world’s biggest providers of banking jobs.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.