Morzaria said Barclays had made 450 directors and managing directors redundant in the first quarter.
Deutsche Bank has hired 414 people in New York, including 98 directors and managing directors since the start of the year.
Around 450 directors and managing directors have been made redundant in the first quarter, finance director Tushar Morzaria said on Tuesday, when the bank admitted that revenues in its investment bank had almost halved in the first three months of the year.
"In the European investment banking business, they are going to get rid of 60 directors and managing directors," one source said on Monday.
This is in part the reason that the producers, artistic directors and managing directors of over thirty-seven Shakespeare festivals and companies met in Washington D.C. over a decade ago to create a new organization called the Shakespeare Theater Association (STA).
The following month his colleague commercial director and managing director TV Bal Samra also clocked up £134.98 and £103.96.
Hibs also revealed that executive director Scott Lindsay and managing director Fife Hyland will lead the recruitment process for a new manager.
Three key board members are split into two clear factions with operations director Paul Agnew and managing director Derek Shaw on one side, and Singh on the other.
She joined the Youth Sport Trust in 2004 first as implementation director, then director of sport and managing director and now her current role.
Her duties as president will be assumed by two Foote Cone Chicago executives, Mark Modesto, 50, and Mark Pacchini, 48, who will continue as worldwide account directors and managing directors.
Credit Suisse has for 2010 increased the fixed portion of pay for 7,000 directors and managing directors.
