Regional Bank in Ohio to Trim 900 Jobs
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The National City Corporation said it was cutting its dividend by nearly half and shutting its wholesale mortgage division.
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HSBC Holdings Plc , Europe's biggest bank, said on Friday that it would close its U.S. subprime mortgage unit, cutting 750 jobs and taking an $880 million writedown, because the business is no longer sustainable.
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Commerzbank, the fourth-biggest German bank, said it was axing 900 jobs in a revamping of its investment banking operations and posted a third-quarter net loss despite expectations for a profit.
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EarthLink Inc  said on Tuesday it will cut about 900 jobs as part of a restructuring to reduce costs, and its board authorized an additional $200 million share buyback, sending its shares up 10 percent.
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Bank of America Corp. plans to lay off hundreds of tellers and other branch employees at Fleet banks today, asking them to leave the building immediately as part of the process, according to documents obtained by the Globe and Fleet branch managers told of the decision.
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The British Broadcasting Corp. will cut about 2,900 jobs - more than a tenth of its work force - in a drive to reduce costs, the company&#39;s director-general told staff on Tuesday.
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BOSTON A published report reveals that Bank of America plans to lay off hundreds of tellers and other branch employees at Fleet banks today.
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Bank of America plans to move an additional 300 jobs from its Wealth and Investment Management businesses to Boston. The bank was sharply criticized after it cut jobs at former Fleet branches in Massachusetts.
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CHARLOTTE, N.C.  -- 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. last spring.
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Asset manager Putnam Investments on Monday said it planned to cut roughly 100 jobs to be more competitive. Putnam&#39;s corporate parent Marsh &amp; McLennan Cos.
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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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_ Eastman Kodak Co. announced Tuesday it will cut nearly 900 jobs at three of its manufacturing facilities in Europe as part of the company&#39;s shift from traditional film production to digital photography.
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First Horizon National Corp , the largest bank in Tennessee, said on Wednesday that it plans to eliminate at least 1,500 jobs by the middle of next year as it slashes its mortgage sales force and closes branches.
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DETROIT  - General Motors Corp.  will cut about 900 jobs early next year at a pickup truck plant in Pontiac, Michigan, in a move underscoring sagging demand for some of its most profitable vehicles.
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Deutsche Bank, Germany's biggest bank, said it planned to slash 3,280 additional jobs, or five percent of its workforce, even as its net profit soared 87 percent last year in its best annual performance in four years.
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Bank of America plans to cut about 150 city jobs as it trims its overall staff by 4,500, people familiar with the situation said. The cuts at the bank, which already said it would slash 12,500
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The proposed merger of Public Service Enterprise Group and Exelon will result in the elimination of 900 jobs in New Jersey, most of them at the PSEG unit that operates three nuclear power plants in Salem County.