Firms to cut 13,000 City jobs in 2013

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London's financial sector will slash 13,000 jobs next year, and bring job levels to a 20-year low in 2014, according to a forecast study.

Financial firms in London have already laid off more than 100,000 employees since the financial crisis hit in 2007, and after a weak year of deal-making and trading, employment in the sector could be cut...

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