Big Banks Start Adding Staff After Cutting 802,000 Jobs

The video discusses the impact of the 2008 financial crisis on job cuts in the banking sector, highlighting a shift in trends with some banks stopping cuts and even expanding. It explores the role of technology in replacing jobs and the ongoing challenges in asset management, including potential mergers to reduce costs. The video also covers the trend of branch expansion by major banks like JP Morgan and Bank of America, despite previous closures.

What significant changes have occurred in the job market of major banks since the 2008 financial crisis?

How has the trend of job cuts in banks changed over the past two years?

What role does technology play in the job market within the banking industry?

What are some of the strategies banks are considering to manage costs in their asset management divisions?

In what ways are banks like JP Morgan and Bank of America changing their branch strategies?