BOSTON (MarketWatch) -- The financial sector will see more job cuts as Wall Street banks scramble to reduce costs as a result of further market turmoil and economic worries, according to a published report Monday. Companies in the U.S. may cut as many as 70,000 jobs, adding to the estimated 150,000 jobs already lost by the global financial industry, the Financial Times reported. The losses are expected to be concentrated in investment banking and trading, according to the article.
