The lender has not replaced some staff who have quit or resigned in recent months, according to
It was also reported that some of
Investment bankers within the group are said to have been encouraged to set up at least three client meetings each day in a bid to reduce work travel costs.
"Servicing our clients is our priority and ensuring we have the right people in the right places," an
The news comes as central banks across the world are expected to cut interest rates in the coming months, presenting lenders with the prospect of tighter margins and lower profits.
(c) 2024 City A.M., source