14 analysts who made the move

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Job security is a thing of the past for sell-side credit analysts. ABN Amro and Dresdner Kleinwort are the latest in a long line of banks that have slashed investment-grade research in London. In the US, Morgan Stanley and Merrill Lynch both made cuts last year. Banks cite a need to shift resources to higher-revenue producing activities, or compliance with regulatory pressure to separate analysts and traders.

Meanwhile on the buy side, things have never looked rosier. Partly in response to the

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