Wall Street beats India retreat as fee drought drives job losses6 min read . Updated: 18 Feb 2014, 09:46 AM IST
The number of investment-banking positions in India has dropped by about 30% since 2010
New York: Investment banks from UBS AG to Morgan Stanley spent half a decade building their operations in India, betting that a growing economy would trigger a boom in mergers and stock sales. They’ve spent the last three years reversing that expansion.
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