These banking institutions plan to let go tens of thousands of people around the world, the victims of a merciless economic climate and a brutal refiguring of the global banking industry.
Here are some of the largest global banks that are planning significant job cuts.
Bank of America (NYSE: BAC) said it plans cut an additional 3,500 jobs – on top of the 2,500 already announced year-to-date.
Although they?ve largely avoided enormous layoffs, there?s no reason for Middle Eastern banks to rest on their laurels, says The Islamic Globe.
U.S. stocks soared in turbulent trading Tuesday, coming off the worst three day selloff since the financial crisis, as investors took in stride the Federal Reserve's pledge to keep interest rates near zero at least through mid-2013.
BRC stated that retail shops of every size and type have lost business to the rioters.
Prime Minister Tayyip Erdogan has an unspoken pact with the Turkish electorate: he delivers rapid economic growth, jobs and money, and voters let him shape what kind of democracy this Muslim nation of 74 million people becomes.
In 1986, Moody?s and Standard & Poor?s cut Australia?s debt rating, prompting the Canberra government to impose strict budget cuts.
More than $2.5 trillion have been wiped off the value of world stocks this week on mounting concerns the global economy is heading toward another recession and Italy and Spain are being engulfed by the euro zone sovereign debt crisis.
The company?s shares fell by as much as 14 percent in London trading at one point
The U.S. stock market had a mini-meltdown on Thursday ahead of Friday's all-important Bureau of Labor Statistics (BLS) jobs report as fears about the global economy slipping into another recession weighed on the sentiment.
The companies whose shares are moving in pre-market trade on Thursday are: Royal of Bank Scotland Group, Celestica, JA Solar Holdings, GT Solar International, Dendreon, Hess Corp, TJX Companies, Transocean, Allegheny Technologies and Centurylink.
Ofer Brother Group, an Israeli family shipping business and the country’s one of the most powerful corporations, has been blamed for business deals with Iran.
The Dollar Gold Price traded in a $3 range around $1526 per ounce on Friday morning in London, while stocks and commodities were up and the Euro rallied despite concerns the IMF may halt the latest payment of Greece's €110 billion bailout.
Some of the biggest and best-known international banks held billions of dollars Libyan state oil money.
Gold Prices at Tuesday morning's London Fix hit record Euro and Pound Sterling highs - €1078.85 and £942.22 per ounce respectively. The US Dollar ticked lower after a Federal Reserve official suggested monetary policy may remain loose for an extended period.
Reasons why Apple should or should not go for ARM chips in its lineup of laptops and desktops.
The euro has decoupled from the euro zone peripheral debt crisis in 2011.
U.S. blue-chip stocks eked out a slim gain Monday but other market measures fell slightly as investors traded cautiously ahead of the first quarter corporate earnings season.
US stocks are mixed on global worries ahead of the unofficial start of first quarter earnings season.
U.S. blue-chip stocks eked out a slim gain Monday but other market measures fell slightly as investors traded cautiously ahead of the first quarter corporate earnings season.The Dow Jones Industrial Average closed up 1.06 points, or 0.01%, at 12381.11. The Nasdaq Composite shed 8.91, or 0.32%, to 2771.51. The Standard & Poor's 500-stock index slipped 3.71, or 0.28%, to 1324.46. The mixed activity came as investors looked ahead to the first-quarter earnings season, which kicked off unoffic...
U.S. stocks pared earlier gains as energy companies’ shares declined after a higher-than-expected increase in petroleum inventories and Monsanto Co. shares declined as its revenue fell short of expectations.
