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 headcount at its Dutch retail banking operations by 10 percent in the face of deteriorating markets.
German business sentiment slid for the fourth month in a row in October, dipping to its lowest level since mid-2010 and compounding fears the Eurozone debt crisis could push Europe back into recession if a solution is not found soon.
Lawyers for the only Goldman Sachs employee charged over the Abacus subprime mortgage transaction have asked a judge for permission to appeal one of the legal claims U.S. securities regulators brought against him.
Gold rose to a 1-1/2 week high on Friday as investors sought refuge in safe haven assets after a disappointing labour market report from the United States added to mounting fears about the pace of recovery in the world's largest economy
Nationalised Dutch bank ABN AMRO
is shedding 2,350 jobs -- some 9 percent of its workforce -- as the state readies it for a return to private hands.Dutch state-owned bank ABN AMRO
said on Friday it would cut 2,350 jobs over the next four years, mostly in back office operations such as IT, as well as in retail and private banking, in a drive to save costs.On his days off, Cordell Kent drives with his family about an hour into the eastern Australian countryside, lays out a picnic blanket and then joins hundreds of other families panning for gold in hopes of striking it rich.
Here are some of the largest global banks that are planning significant job cuts.
Here are some of the largest global banks that are planning significant job cuts.
Royal Bank of Scotland slid to a pretax loss of 678 million pounds ($1.1 billion) in the second quarter, bruised by writedowns on Greek government bonds and Irish customers struggling to repay loans.
The European Central Bank resumed buying government bonds from the market and offered a new round of funding to commercial banks on Thursday in response to a worsening euro zone debt crisis.
Long-term investors are losing patience with companies that fail to maximize value as the slowing recovery whittles away returns, with some calling for greater financial rewards for loyalty or takeovers that put growth targets back on course.
The Gold Price recovered an overnight dip below $1500 per ounce in London on Tuesday, trading less than 1% shy of yesterday's new all-time high at $1518 as European stock markets rose together with major government bonds and energy prices.
Inflation accelerated in Asia and Europe in March while the United States bucked the global trend with underlying price pressures largely in check, leaving monetary policy on diverging paths around the world.
Inflation accelerated in Asia and Europe in March while the United States bucked the global trend with underlying price pressures largely in check, leaving monetary policy on diverging paths around the world.
China and India reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy.
