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Layoffs news from FierceFinance
NewsBank of America aims to cut more costsIt was big news when Bank of America launched its Project New BAC initiative last year -- a plan to significantly cut costs to survive in this new era of banking. The initial focus was retail and Read more...Morgan Stanley to cut jobs
Morgan Stanley bowed to the inevitable and announced a round of job cuts that surprised no one. The bank will cut 1,600 jobs in the first quarter from all levels and all geographic locations, Read more...
Bank holiday parties on the chopping block
With the threat of layoffs hovering over everyone, there's not a lot of good cheer to go around right now. Perhaps the investment banking unit at Commerzbank got it right by cancelling its holiday Read more...
Citigroup slashes 4,500 jobs, $400 million
The holiday season in the banking industry has been marred by a lack of good cheer brought on by lots of job anxiety. Bank executives are in a mood to cut expenses, and the axe fell at Citigroup this Read more...
Bonus blues at Morgan Stanley
FOX Business's Charlie Gasparino reports that Morgan Stanley is attempting to manage bonus expectations among its MDs. "Everything is not very good inside. It's the end of the year, its bonus time. Read more...
Wall Street slashes jobs, salaries and bonuses
The on-going round of layoff angst that has engulfed Wall Street seems cruel on several counts. For one thing, this is very much the second dip of the industry's economic performance. It was just a Read more...
Superstition: Krawcheck kills banks
So just how superstitious are you? Are you the type that has to wear certain clothes (your lucky underwear?) when your favorite sports team is in action. Are you the type who is convinced that your Read more...
Moynihan announces more Bank of America job cuts
Last month, Bank of America announced plans to cut about 3,500 jobs. People speculated that ultimately, the bank would slash about 10,000 jobs, which seemed like a huge number. Now comes word from Read more...
Layoff misery on Wall Street just getting started
The layoff news "du jour" is that UBS will begin a round of cuts, joining a herd of European and American banks rushing to wield the axe. This follows news that Bank of America will cut about 3,500 Read more...
Bank of America to cut 3,500 jobs, more to come
Bank of America's balance sheet offers plenty of reasons to conclude that it will be able to weather the current storms. Bank of America has built a reserve of $18 billion to cover mortgage losses Read more...
| Press ReleasesNew Report: While Banks Make Hundreds of Millions of Dollars Taxpayers Left Holding the Bill in Interest Rate SwapsNEW YORK, Dec. 21, 2011 /PRNewswire/ -- A new report released by UnitedNY, the Center for Working Families, and the Strong Economy for All Coalition shows that while the bailed-out banks make Read more >> Quick-fix Layoffs Strategy May Yield Better Return-on-Assets but Could Hinder Long-Term Economic Recovery: Deloitte 2011 Shift IDeloitte sees silver lining for companies that tap into intellectual capital of aging workforceSAN JOSE, Calif., Nov. 14, 2011 /PRNewswire/ -- Companies relying on short-term measures to deal with Read more >> Mortgage Employment Expands in Q3DALLAS, Nov. 14, 2011 /PRNewswire/ -- It was the first time in five quarters that mortgage-related hirings outpaced layoffs, according to the Third-Quarter 2011 Mortgage Employment Index from Read more >> CMBS Delinquency Rate Increases for Second Straight MonthOctober Registers the Second Highest Reading in the History of the CMBS Market NEW YORK--(BUSINESS WIRE)-- Trepp, LLC, the leading provider of CMBS and commercial mortgage information, analytics, and Read more >> BestWeek: US Workers’ Comp Results Drop Once Again, Concerns RemainOLDWICK, N.J.--(BUSINESS WIRE)-- The workers’ compensation insurance segment continued to face significant hurdles throughout 2010, and as a result, premium volume declined and underwriting results Read more >> |
