By Saeed Azhar
March 26, 2025 – 3:34 PM UTC
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NEW YORK (Reuters) – U.S. investment banks are poised to cut more jobs if economic uncertainty continues to weigh on dealmaking in the months ahead, according to analysts and recruiters.
U.S. President Donald Trump’s threats to impose tariffs on trading partners have roiled markets, weighed on capital markets activity and raised the risk of an economic slowdown. The turmoil has taken some of the shine off Wall Street expectations that deals would pick up this year under a business-friendly administration.
Wall Street banks including JPMorgan JPM.N and Bank of America (BAC.N) have already begun annual culls targeting underperforming employees,…
