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Bank Layoffs

JPMorgan To Slash Thousands Of Jobs

Reuters | Posted 02.26.2013 | Business

NEW YORK (Reuters) - JPMorgan Chase & Co plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013, representing about 1.5 percent of the company'...

Citigroup Investors Cheer Massive Layoffs, Hope For More

The Huffington Post | Mark Gongloff | Posted 12.06.2012 | Business

If you're one of the lucky 11,000 employees whose holidays just got ruined by Citigroup, here's some cold comfort: You'll have company soon enough. ...

Citi To Slash Thousands Of Jobs

Reuters | Posted 02.04.2013 | Business

* Cuts include technology and support jobs around the world * Consumer banking due for 35 pct of restructuring charges * Company expects annual ...

Big Bank Plans To Lay Off Thousands

The Huffington Post | Bonnie Kavoussi | Posted 05.01.2012 | Business

Occupy Wall Street protests are the least of Bank of America's problems. The bank is starting to lay off its more profitable employees. On Tuesday,...

Banks Rake In Huge Profits, Don't Share Them

The Huffington Post | Jillian Berman | Posted 02.28.2012 | Business

Wall Street just scrimped, saved and cut its way back to pre-recession levels of profit. Bank profits jumped to a five-year high in 2011, according...

Another Big Bank Plans To Hand Out Out Pink Slips

The Huffington Post | D.M. Levine | Posted 02.24.2012 | Business

Wall Street keeps shrinking. Credit Suisse will begin laying off employees in New York the second week of March, according to a company filing with...

Bruised Wall Street Firms Continue To Jettison Office Space

The Huffington Post | Alexander Eichler | Posted 02.06.2012 | Business

Here's one thing big banks have in common with protesters: Neither group is occupying Wall Street as much as they used to. In an ongoing sign of th...

Big Bank To Slash Thousands Of Jobs

AP | By DANICA KIRKA | Posted 01.12.2012 | Business

LONDON -- Taxpayer-backed Royal Bank of Scotland announced Thursday it would cut 3,500 jobs in a reorganization and rebranding of its investment banki...

More Than One-Third Of Layoffs At One Big Bank To Hit NYC

Posted 12.27.2011 | Business

More than one-third of job cuts at Morgan Stanley will likely hit workers in New York City. Nearly 600 of the 1,600 job cuts that Morgan Stanley a...

Citigroup To Slash Thousands Of Jobs

AP | PALLAVI GOGOI | Posted 02.05.2012 | Business

NEW YORK (AP) -- Citigroup says it is cutting 4,500 jobs over the next few quarters. CEO Vikram Pandit said the job cuts are part of th...

Big Bank To Slash Thousands Of Jobs

Posted 11.16.2011 | Business

Citigroup Inc may cut "slightly more" than 3,000 jobs, becoming the latest U.S. bank to eliminate positions, a source familiar with the matter sai...

Wall Street Employees Getting Smaller Bonuses This Year: Survey

The Huffington Post | Alexander Eichler | Posted 01.08.2012 | Business

It's been an underwhelming year for Wall Street, and traders will likely see that reflected in their bonuses, according to a new report. With the ...

Dutch Bank To Slash Thousands Of Jobs

Posted 01.03.2012 | Business

Dutch financial services group ING is to cut 2,700 staff and contract jobs, it said on Thursday in announcing third-quarter results, slashing the ...

As Layoffs Loom, BofA Employees Flooding Rival Banks With Resumes

Posted 01.02.2012 | Business

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp employees are flooding rival companies with resumes as a major cost-cutting program get...

Credit Suisse Announces Major Job Cuts

Posted 01.01.2012 | Business

Credit Suisse (CSGN.VX) will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new ...

Big Banks' Latest Problem? They're Sitting On Too Much Cash

The Huffington Post | Alexander Eichler | Posted 12.25.2011 | Business

The economy is only barely growing, making some consumers and businesses skittish about taking out loans and with banks not lending that money out, it...

Europe's Biggest Bank To Cut 3,000 Jobs In Hong Kong

Posted 11.07.2011 | Business

HSBC (0005.HK) (HSBA.L), Europe's biggest bank, is to cut 3,000 jobs in Hong Kong over the next three years as it targets its first wave of an agg...

Bank Of New York Mellon Plans 1,500 Job Cuts Due To Growing Costs

AP | CHRISTINA REXRODE | Posted 11.08.2011 | Business

NEW YORK — Bank of New York Mellon Corp. said Wednesday that it will cut about 1,500 jobs, or 3 percent of its work force, the latest sign of th...

U.S. Private Employers Add More Jobs Than Expected In July: ADP

Posted 10.03.2011 | Business

NEW YORK (Reuters) - Private employers added 114,000 jobs in July, topping economists' expectations, a report by a payrolls processor showed on We...

HSBC Might Cut More Than 10,000 Jobs

Posted 09.27.2011 | Business

HONG KONG/LONDON - Banking group HSBC Holdings Plc may cut more than 10,000 jobs as part of its plan to slash costs by up to $3.5 billion a year, ...

Credit Suisse Reportedly Could Cut Up To 2,000 Jobs

Posted 09.25.2011 | Business

Credit Suisse will likely announce cost savings measures including a cut of 1,500-2,000 jobs, a Swiss paper reported on Tuesday, without naming an...