• Text size      
  • Send this article to a friend
  • Print this article

Fall in City job creation amid hiring freezes at investment banks

The number of new jobs created in the City of London fell in March compared with the previous month amid hiring freezes at investment banks, according to a new study.

Recruitment firm Astbury Marsden said 2,640 jobs were created last month, 450 more than a year ago, but 580 down on February.

Jonathan Nicholson, managing director at Astbury Marsden, said: "Hiring freezes at some of Europe's largest investment banks have helped interrupt the recent recovery in the City jobs market.

"Despite the buoyant recruitment market in fund management and brokerages the overall job figures are being dragged down by the largest investment banks that have been hit hardest by regulatory intervention and, in particular, the new capital adequacy rules."

Contextual targeting label: 
Careers and Jobs

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

224162