BNP Paribas to cut 233 investment banking jobs in London

According to sources, BNP Paribas plans on laying off about 233 employees from its investment banking division in London.

A 35-member securitization desk will also be halved, as part of the planned job cuts.

As per sources, 100 employees would leave within weeks and the rest, by the end of the year.

The France-based lender had previously announced 675 job cuts from its investment banking division in Paris.

Source: Bloomberg