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Greg MacSweeney
Greg MacSweeney
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Millennials Taking a Bad Rap, SEC Inept?, More Bank Layoffs, and More Quotes of the Week

The buy side is starting to feel the commission squeeze, the SEC's incompetence, Volcker Rule scare tactics and hiring the best and the brightest are just a few of the this week's top quotes.
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7. Brother, Can You Spare a Dime?

Layoffs at banks, brokerages and other financial institutions more than doubled in May, rising to 4,424 from 1,768 cuts in April. So far this year, the industry has announced 17,284 layoffs, behind only firms in the computer and transportation sectors.

— Kelly Eggers, Dowjones.com

Source: Fins.com

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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