Layoffs Expected for Wall Street Investment Bankers: WSJ.com

The Wall Street Journal reports that the ax is about to fall on investment bankers at some of the largest banks, as a result of lower M&A deal volume this year.  According to the article, global M&A revenue fell 17% in the first quarter of 2012 compared to the same period last year.  With pay and bonuses shrinking at the banks, it's a tough environment for bankers.  

Here's the link:  http://online.wsj.com/article/SB10001424052702303978104577361833023859446.html