Financial firms cut jobs at fastest rate

Over the last three months, financial services firms cut jobs at thefastest rate since 1993 as business fell for a second successive quarter,according to a CBI/PricewaterhouseCoopers survey of the industry - andinsurers were cutting jobs at the fastest rate. The study shows 43% offinancial companies decreasing staffing during the first quarter of 2003.In the face of a climate of market weakness and global tension, optimismfell more quickly than at any time since September 1998; 55% of

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