International Business Times reporter Palash R. Ghosh consults the economic experience of Peter Maris, founder and principal of Resource Financial Group. Peter discusses the global banking industry, noting that the recent bank layoffs will not impact the overall economic situation as drastically as investors may believe. “HSBC said they were seeking to lay off about 10 percent of its staffing over the next three years, but that process will include retirements and attrition – so it’s not really as aggressive a job cut as the media has been reporting,” he explains.
International Business Times
September 08, 2011