Despite the doom and gloom of the credit crisis and the talk of recession there are still lots of opportunities for part time, graduate and Intern Jobs in  Banking and Finance in London.

In a facinating news article on Reuters, Martina Fuchs explains why many of the Big Banks in Britain are continuing to hire graduates and take on Interns, while laying off thousands of more expensive full time employees. Essentailly they want to have an army of Junior staff available when business starts to pick up again.

But young blood is still in demand.

"We have learned from experience that closing the (graduate) pipeline in certain businesses as a knee-jerk reaction is a mistake because it leaves us without enough talent coming up internally," said Celia Connolly, head of analyst and associate management at U.S. bank J.P. Morgan.

"Investment banks will need employees in two or three years when the recession ends. So now is the time to fly the flag," said Jonathan Black, director of the careers service at England’s elite Oxford University.

So don’t give up, even when things look pretty dire for the banking industry they are still hiring graduates and Interns.