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Wall Street Layoffs

Goldman Workers Likely To Fall Out Of The One Percent

The Huffington Post | Harry Bradford | Posted 09.11.2012 | Business

It’s the end of the financial world as we know it. Yes, the typical Goldman Sachs employee may soon not be a member of the one percent. Average ...

Investment Bank Tells Other Investment Banks To Fire People

Reuters | Posted 10.31.2012 | Business

LONDON, Aug 31 (Reuters) - Investment banks, set to book $240 billion revenue this year, still need to cut jobs and costs to make the industry profi...

Goldman Employee Struggles With Inability To Regularly Visit Summer Home

Posted 06.08.2012 | Business

It’s summertime and the livin’ is easy. Unless, of course, if you work on Wall Street, where life kind of sucks right now, according to people who...

Layoffs Looming On Wall Street

Reuters | Posted 08.06.2012 | Business

(Reuters) - Wall Street bankers are bracing for another round of job cuts as a downturn in the global economy cuts into earnings from dealmaking, capi...

Big Share Of Wall Street's Young Workers Considering Career Switch

The Huffington Post | Jillian Berman | Posted 05.08.2012 | Business

Young Wall Street workers are getting fed up. More than 20 percent of Wall Street employees born since 1980 say they would rather not work in the ...

For Wall Street, The Great Recession Continues

The Huffington Post | D.M. Levine | Posted 04.25.2012 | Business

It seems the world of finance is still in the throes of its own great recession. One hundred of the largest cities in the U.S. have shed a total o...

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...

Why Wall Street's Loss Is New York's Gain

Dinesh Moorjani | Posted 03.20.2012 | Small Business
Dinesh Moorjani

A flower has grown from the ashes of New York's financial industry meltdown. That flower is the city's innovation economy -- and it's here to stay.

Wall Street Slashed Thousands Of Jobs Last Month

Reuters | Posted 03.20.2012 | Business

Jan 19 (Reuters) - Wall Street axed 2,000 workers in December as poor profits led companies to slice expenses, the biggest reduction since last summ...

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...

Wall St. Workers Concerned Industry Is Shrinking For Good

Posted 11.22.2011 | Business

Wall Street bankers are used to vicious swings in fortunes - it is in their DNA. Make a killing in the good times, they say, because markets may t...

Goldman Sachs Names New Managing Directors, Amid Wall Street Layoffs

Posted 11.18.2011 | Business

Goldman Sachs Group Inc (GS.N) promoted 261 employees to managing directors this week, according to an internal memo sent this week, as the bank s...

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 ...

Banks Earned More Under Obama Than Bush

The Huffington Post | Bonnie Kavoussi | Posted 01.07.2012 | Business

Wall Street firms have earned more in profits so far under President Obama than during all eight years of George W. Bush's presidency, according to Th...

Wall Street Could Shed Thousands More Jobs By End Of Next Year

AP | SAMANTHA GROSS | Posted 12.11.2011 | Business

NEW YORK — Wall Street is again losing jobs because of global economic woes, threatening tax revenue for a city and state heavily reliant on the...

Goldman Sachs Could Be Headed Toward First Loss Since Financial Crisis

The Huffington Post | Bonnie Kavoussi | Posted 11.23.2011 | Business

Growing concerns about the weakness of economic growth around the world are increasingly dimming prospects for American financial institutions, amplif...

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...

Alexander Eichler

Junior Investment Bankers Unhappy With Paychecks, Direction Of Their Industry: Survey

HuffingtonPost.com | Alexander Eichler | Posted 10.25.2011 | Business

As their industry shifts focus and work becomes ever more demanding, junior investment bankers are saying they're less satisfied with their jobs, acco...

HSBC Fires In Europe, To Hire In Asia

The Huffington Post | William Alden | Posted 10.02.2011 | Business

HSBC, Europe's largest bank, is firing people in Europe and the U.S., and hiring people elsewhere. With profits from its Asian and Latin American b...

Bank Will Shed 30,000 Jobs

Posted 10.01.2011 | Business

LONDON (Steve Slater and Sudip Kar-Gupta) - HSBC will shed 30,000 jobs as it retreats from countries where it is struggling to compete, Europe's b...

Goldman Traders Quit As Big Bonuses Dry Up

Posted 09.27.2011 | Business

NEW YORK, July 28 (Lauren Tara LaCapra) - More than a dozen traders have quit Goldman Sachs Group Inc's (GS.N) North American government bonds and...

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...