Despite Pandemic, Top U.S. and European Banks Added 19,000 Employees in H1

Eric Volkman, The Motley Fool
·2 min read
Despite Pandemic, Top U.S. and European Banks Added 19,000 Employees in H1

A report published on Thursday by Bloomberg indicated that the largest banks in the U.S. and Europe together brought on roughly 19,000 new employees in the first six months of this year. All told, of the 15 top lenders on the two continents, eight increased their employee count, three kept it largely the same, while only four made reductions. Meanwhile, HSBC Holdings was the most aggressive in culling its ranks, with an estimated 3,000 reductions.