Dutch bank to lay off 2,850 staff
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ABN Amro, the Netherlands' largest bank, is cutting 2,850 jobs as a result of falling profits.
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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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Lehman Brothers Holdings Inc said on Thursday it will fire another 850 workers, or about 3 percent of its work force, as it scales back its mortgage lending efforts globally.
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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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Bank of America said Thursday it will layoff 4,500 employees as part of the companyâs ongoing integration of FleetBoston Financial.
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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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Germany's leading bank, Deutsche Bank, is to tell its employees next week of plans to cut some 2,000 jobs to increase profitability, according to a report.
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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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UBS, the biggest European casualty of the U.S. subprime crisis, said it was shrinking its investment banking business, cutting staff and drastically scaling down its exposure to risky investments.
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ABN Amro, the biggest Dutch bank, yesterday announced it would take a one-off â¬790m ($1bn) charge as it slashes 2,850 wholesale banking and back-office jobs, confirming a report in yesterday&#39;s FT.
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The British Broadcasting Corporation will slash about 2,900 jobs, more than 10 per cent of its staff, in one of the biggest shake-ups in its 82 year history.
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Lehman Brothers Holdings Inc said on Thursday it will fire 850 workers in its mortgage operations, just two weeks after the fourth largest investment bank said it was closing its subprime mortgage lending business.
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Lehman Brothers Holdings Inc said on  Thursday it will fire 850 workers in its mortgage operations,  just two weeks after the fourth largest investment bank said it  was closing its subprime mortgage lending business.
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FBR Capital Markets, the Arlington investment bank, said yesterday it would lay off 10 percent of its workforce "in response to adverse market conditions."
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The worldÂs largest drug company said that it would lay off almost 2,400 employees in what may indicate a wider retrenchment of the drug industry.
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AMSTERDAM, DECEMBER 16: Dutch financial group ABN AMRO said on Thursday it would cut 2,850 jobs in a restructuring in which it broadens group shared services (GSS) and refines its wholesale clients business unit.
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The Marsh &amp; McLennan Company, the troubled insurance and investment company, said today that it would lay off 3,000 employees, or roughly 5 percent of its work force, as it moved to right