Job losses will continue to hamper the City but some institutions will continue to recruit, according to recruiters.

The Telegraph reports today that around 60,000 finance jobs could go in the City, according to a survey from the CBI and PricewaterhouseCoopers.

But Alison Hughes, director at HR recruiter Higher Talent, who staffs City firms in the square mile, told Recruiter that she had not particularly picked up on this trend.

“We have been working quite extensively with the financial services sector over the last six months. They have been hiring in HR.

“The message we are getting is that they will continue to do so, but not necessarily on the permanent side. We are seeing a lot of interim roles. They are looking for flexible options.”

Bill Haynes, chief executive at banking and finance recruitment firm Verridian, adds:  “We have seen the market improve quite significantly over the past couple of months in our core business of senior appointments, customer service and call centres.

“I suspect that there is a split between the non-state owned banks who are looking to grow their business and the banks that have been effectively nationalised and are depressed who are still shedding jobs.”