European banks set for more job cuts

Challenging times: A man is seen in silhouette as he walks behind the logo of BNP Paribas in a buiding near Paris. Bankers and headhunters say BNP Paribas SA , Deutsche Bank AG and Barclays PLC are among lenders likely to cut back equities trading and research teams in non-core markets in Asia this year. — Reuters

Asian equity units affected as China meltdown hits profits

HONG KONG: European banks are set to trim more jobs in Asian equities, industry insiders said, as global cost-cutting reaches peripheral businesses in a region where a drop in Chinese trading volumes and local competition have hit profits.