Carnage in the banking sector

LIVINGSTONE MARUFU   Local banks  are eliminating jobs following  a prolonged market turbulence, increased automation in the financial services  sector as well as the adverse impact of the Covid-19 menace, Business Times can report. The lenders are also battling rising impairments, leading to muted headline earnings, a situation which has given headaches to  bank executives. A closer analysis at local banks’…

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