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Deutsche Bank leads the way on cuts, but Barclays, HSBC, Société Générale and Citigroup are also reducing headcount.
The news comes amid better-than-expected earnings on Thursday, amid a wave of management changes that has jolted staff in 2019.
In early July, Deutsche Bank announced it planned to layoff 18,000 employees as part of major overhaul to its business.
Disgraced financier Jeffrey Epstein reportedly had close ties to Barclays CEO Jes Staley and multiple Wall Street executives
Epstein was visited by one executive while serving time, sat on the board of another's family foundation, and attended a third's Thanksgiving party.
Barclays surveyed more than 400 investors about their biggest market fear — and a clear majority cited Trump’s global trade war
While those surveyed were split between bullish and bearish outlooks, nearly 60% noted their biggest fear is how trade conflicts harm the economy.
Market share for both trading and investment banking has already been shifting towards US banks over the past few years, Credit Suisse says.
A management overhaul at Barclays is rocking employees. Here’s what we know about what’s going on inside the British investment bank.
Barclays in early 2019 dropped a bombshell when investment-banking head Tim Throsby stepped down. Here's what we know about what's going on inside the bank
Ex-Barclays CEO John Varley just got cleared of fraud charges related to a financial crisis-era deal
Senior judges ruled that there wasn't sufficient evidence to proceed with the trial.
Hear from top execs from Goldman Sachs, J.P. Morgan, Citi, BNY Mellon, Barclays, and Morgan Stanley as they talk industry transformation on June 10.
Join top execs from Goldman Sachs, JP Morgan, Citi, BNY Mellon, Barclays, and Morgan Stanley as they talk finance industry transformation at the NYSE.