Tuesday's Headlines: Brokers Jump Ship As Bank Assets Dwindle

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Declining assets and uncertain business models have resulted in the departure of more than 7,300 brokers from the largest banks. [Bloomberg]

JPMorgan launched several new treasury services offerings to help financial institutions as part of its expansion of its clearing business. [Marketwatch]

Man Group could lay off 10 percent of its sales team, after its acquisition of GLG Partners created redundancies. [Finalternatives]

IT contractors at UK financial institutions are seeing fewer permanent job offers according to an employment screening firm. [Computerworld]

Agency brokerage Investment Technology Group is entering the equity research business. [Financial News]