Gibbs Comments on Potential Job Loss in Memphis Banks
Summary
Press Releases Mercer Capital Management, Inc. Press Release Receive press releases from Mercer Capital Management, Inc.: By Email RSS Feeds: Gibbs Comments on Potential Job Loss in Memphis Banks Mercer Capital senior vice president Andy Gibbs comments on the potential for job losses in Memphis-based financial institutions, which appear in an article titled "Banking Workforce Reduction Ahead, Study Says," published by the Memphis Daily News on April 23, 2008.Memphis, TN, April 26, 2008 --( In the article, published April 23, 2008, Gibbs responds to a recent study by the research firm Celent LLC, which indicates that the U.S. financial industry could lose 200,000 jobs in the next 12 to 18 months as a consequence of the failings of the subprime mortgage markets, and how such a widespread reduction could affect Memphis-based financial institutions.Mercer Capital is a business valuation and investment banking firm serving a national and international clientele.For over 25 years, Mercer Capital has been bringing uncommon professionalism, intellectual rigor, technical expertise, and superior client service to a broad range of public and private companies and financial institutions located throughout the world.### Memphis, TN, April 26, 2008 --( PR.com )-- Andrew K. Gibbs, CFA, CPA/ABV, a senior vice president at Mercer Capital, was recently quoted in an article published in the Memphis Daily News, titled "Banking Workforce Reduction Ahead, Study Says," by Eric Smith.In the article, published April 23, 2008, Gibbs responds to a recent study by the research firm Celent LLC, which indicates that the U.S. financial industry could lose 200,000 jobs in the next 12 to 18 months as a consequence of the failings of the subprime mortgage markets, and how such a widespread reduction could affect Memphis-based financial institutions.“I dont think that Memphis banks are quite as exposed to job losses as banks in other places,” Gibbs was quoted as saying in the article.