Mashreqbank cuts mid to senior level jobs in its corporate bank
Mashreqbank has cut mid-to-senior level jobs at equities capital markets, debt capital markets, contracting finance and corporate finance teams. The bank said that the layoffs were part of management review as the bank continues to hire and grow teams. Mashreq said that they have not laid off people in large numbers and the people who were asked to go are very few. (Bloomberg)
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