Dutch bank to lay off 2,850 staff
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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. laid off an unspecified number of employees Wednesday at hundreds of Fleet Bank branches, a byproduct of the merger of the two banks, a company spokeswoman said.
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ULSTER BANK CLOSES Ulster Bank is to close its Isle of Man operation a ' a move which will affect 11 of its staff.
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Dutch Bank ABN Amro NV said Thursday it will cut 2,850 jobs in dozens of countries in an effort to save euro770 million (around US$1 billion) annually from 2007.
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Manugistics Group Inc., facing falling revenue and losses that more than doubled in its second quarter, said Thursday it will lay off more than 90 employees by the end of January.
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AMSTERDAM: The Netherlandsâ biggest bank ABN AMRO announced it was cutting more than 4,000 back office and information technology staff on Thursday as it aims to bring its cost base in line with its competitors.
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Bank of America Corp. (BAC.N), plans on Wednesday to lay off hundreds of tellers and other employees at Fleet bank branches, and ask them to leave immediately, the Boston Globe said on Wednesday, citing documents it obtained and Fleet branch managers.
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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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Standard Chartered bank plans to lay off 200 employees in Hong Kong, or about 5 percent of its work force in the territory, despite record profits in its largest market, the London-based company said Tuesday.
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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 problems selling home loans to investors.
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CHARLOTTE, NC -- Bank of America said Thursday it will cut about 4,500 jobs, or about 2.5 percent of its work force, beginning this month as a result of its merger with FleetBoston Financial Corp.
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Germany's biggest banks is to cut 1,920 positions over the next two years as part of an ongoing reorganisation.
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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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The Co-op is set to make 1,000 staff redundant from its financial services arm, a report says.
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The company said it would eliminate 275 jobs and slash direct mortgage lending to preserve cash after it was forced to cancel a $101.2 million rights offering.
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No. 3 US bank will lay off hundreds from newly acquired Fleet branches, &#39;Boston Globe&#39; reports. NEW YORK  - Bank of America Corp. plans to lay off hundreds of tellers and other employees at Fleet bank branches, said a newspaper report Wednesday, ...
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NEW YORK (CBS.MW) -- Bank of America is planning to lay off hundreds of tellers and other branch staff at FleetBoston banks Wednesday and will ask them to leave the building immediately, the Boston Globe reported, citing bank managers and documents sent ...