Wall Street Bankers Face Hard Times, Job Cuts Loom

By Lauren Tara LaCapra


(Reuters) - Wall Street bankers are bracing for another round of job cuts as a downturn in the global economy cuts into earnings from dealmaking, capital raising and lending.

Investors, consultants and analysts say that the big banks are just not bringing in the revenue needed to keep their workforces at current levels, especially given the cost of complying with new regulations.