March 2, 2009

HSBC to cut more than 6,000 U.S. jobs

European bank HSBC is shuttering hundreds of branches in the U.S. that specialize in mortgage and consumer lending, and axing thousands of jobs, as it pulls back from its foray into the American housing market.

HSBC said on Monday that it will cut 6,100 jobs in the U.S. and close its HFC and Beneficial bank branches.

Source: CNNMoney

February 11, 2009

RBS announces up to 2,300 UK job losses

As former chiefs of Royal Bank of Scotland (RBS) made public apologies before the Treasury Select Committee yesterday, the group announced that it could cut up to 2,300 jobs in the UK.

The bank, which will shortly be majority state-owned, was brought to the brink of collapse last year under the leadership of its chief executive, Sir Fred Goodwin, and chairman, Sir Tom McKillop.

Source: Banking Times

January 13, 2009

Barclays to Cut 2,100 Jobs

Filed under: banking,UK — 7macaw @ 2:23 pm
Tags: , ,

Barclays, the British banking giant, said on Tuesday that it would cut 2,100 jobs in its investment banking and wealth management units, a stark sign that the global financial crisis continues to deepen.

The cuts represent 7 percent of the bankers and back-office workers in what was once a big profit center at the bank but has become a drag as banking and investment activity has ground to a halt.

Source: NY Times

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