Just to reinforce the points I have made below, this piece by Paul Redmond of Liverpool University gives a very neat overview of the state of play in early November.
He points out that business and finance employers make up a much larger proportion of the Association of Graduate Recruiters than they do of the whole graduate economy. Although it means that the AGR is not completely representative of the whole suite of graduate employers, they are very important to graduates aspiring to work in the finance industry. As I said below, many finance companies are still recruiting. In fact, PWC, Deloitte and KPMG are intending to recruit at least 1,000 graduates each next year. At this stage it looks as if many companies are forging ahead with graduate recruitment for fear of being left behind when things improve again - which they will.
The concern is for the security of those jobs in the meanwhile. Previous downturns have hit those with lower qualifications harder. Although some reports are calling this a 'middle class recession', and suggesting that it will disproportionately affect graduates, that's likely only to be in the short term if at all. The better qualified you are, the better your job prospects, and if you're not sure what you want to do with your degree, you can always look here