Goldman, Credit Suisse to cut about 2,000 jobs
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Goldman Sachs Group  and Credit Suisse Group  on Friday said they will cut about 2,000 job worldwide as a credit crisis puts a damper on fixed-income trading and corporate dealmaking.
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ABN Amro Holding NV, the largest Dutch bank, plans to cut 2,850 jobs, or about 3 percent of its workforce, to stem a decline in operating profit as revenue growth stalls.
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New York (Dow Jones) -- American Express Co. said Friday it will cut 2,000 jobs, or 2.5 percent of its work force, in a restructuring designed to save more than $75 million a year before taxes.
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Swiss Re  said it would inform  its employees on Monday on staff reductions of up to 2,000 by  the end of 2007, the reinsurer said, after its purchase of the  reinsurance units of General Electric .
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Credit Suisse  said it marked down the value of asset-backed investments by $2.85 billion, wiping $1 billion from its net income and sending its shares plummeting.
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The record label EMI is planning to cut as many as 2,000 jobs worldwide as part of a restructuring plan.
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NEW YORK (CBS.MW) -- Credit Suisse Group said Tuesday it will merge its Credit Suisse First Boston investment banking division into its private and corporate bank, cutting up to 300 jobs cuts and dropping a name that&#39;s been on Wall Street for 72 years.
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Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand for home loans.
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ABN AMRO is to cut 2,850 jobs in its IT, investment banking and corporate banking divisions as part of a plan to cut a total of â¬770 million in costs from 2007.
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Credit card company Capital One Financial plans to eliminate 2,000 jobs, or about 6 percent of its workforce, as part of a $700 million restructuring, the company said yesterday.
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CHARLOTTE, NC Oct. 7, 2004 - Bank of America Corp. said Thursday that it plans to cut about 2.5 percent of its work force, eliminating about 4,500 jobs as part of a restructuring following its acquisition of FleetBoston Financial Corp.
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ZURICH, Switzerland -- Credit Suisse suspended a number of traders in connection with a $2.85 billion overvaluation of assets.
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Deutsche Bank, Germany's biggest bank, is considering cutting 2,000 jobs in its investment banking and asset management activities as part of a wide range of cost-cutting measures, the business daily Handelsblatt reported.
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ABN Amro, the Netherlands&#39; largest bank, is to cut 2,850 jobs as a result of falling profits. The cuts - amounting to 3% of the bank&#39;s workforce - will result in a one-off charge of 790m euros ($1.1bn).
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Bank of America Corp., which operates 25 branches in San Antonio, plans to cut about 2.5 percent, or 4,500 jobs, from its work force.
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The record label EMI is planning to cut as many as 2,000 jobs as part of a restructuring strategy.
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Capital One says it expects to cut 2,000 jobs - about 7% of its workforce - as it battles rising competition.