Financial Industry Is in Serious Decline: Fund Manager

2:00 AM ET Tue, 24 July 2012

"I don't know one part of the financial business that isn't trying to cost cut, one part that isn't trying to take head count down, one part who isn't examining its business and the structural parts of the business that it wants to keep," Michael Browne, fund manager at Martin Currie, told CNBC.