Job cuts
Barclays unveils fresh downsizing exercise with 460 roles at risk
British banking group Barclays is set to slash further roles as part of a restructuring plan. The move will put…
Lloyds to reduce headcount by around 300
British lender Lloyds Banking Group is set to lay off around 300 employees in a cost-cutting drive. Trade union Unite…
Lloyds digital strategy promises 2,000 extra jobs: will it follow through?
Lloyds digital strategy will see the banking group axe 6,000 existing jobs. However, it ensures 8,000 will be created as…
U.S. Bancorp job cuts to affect nearly 700 people
Retail banking giant U.S. Bancorp, which is the parent company of U.S. Bank, has decided to lay off about 700…
Wells Fargo to slash up to 26,500 jobs
Wells Fargo has announced plans to trim its headcount by around 5-10% in the next three years as part of…
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Societe Generale to trim French retail banking network
French lender Societe Generale is set to shutter 300 of its 2,000 local retail banking branches and axe up to…
NAB to hire 600 technology experts
National Australia Bank (NAB) is set to hire 600 professionals across software engineering, data, architecture and security, to meet the…
NAB annual cash profit up 2%; to slash 6,000 jobs
National Australia Bank (NAB) has registered cash earnings of A$6.64bn ($5.1bn) for the year ended 30 September 2017, up 2%…
Nordea Bank to cut 6000 jobs to remain competitive
Nordea Bank has announced that it will cut its work force by at least 6,000 employees to bring down running…