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Tag: cuts

BofA said to cut 450 more mortgage jobs as loan demand declines

By Agencies Job Market Trend Report Bank of America , cuts , Mortgage , Jobs , home loans
Bank of America Corp, the second-largest US lender, is cutting 450 mortgage jobs from West Coast offices after new loans fell short of internal forecasts, said two people with direct knowledge of the plans. ...

Barclays to cut 12,000 jobs, pays bigger bonuses

By Agencies Job Market Trend Report Barclays , cuts , London , Banking & Finance , Investment Banking
Barclays said it would axe up to 12,000 jobs this year even as it raised bonuses for investment bankers, prompting fury among politicians and unions who said it had not learned the lessons of the financial crisis. ...

Morgan Stanley said to cut 10% of commodities jobs

By Agencies Job Market Trend Report Morgan Stanley , Job Cuts , London , Singapore , Dubai
Morgan Stanley said to cut 10% of commodities jobs after the unit's past two quarters revenue worst in 18 years. ...

IMF calls for urgent steps on Spain unemployment

By Agencies Job Market Trend Report Recession , Spain , Euro-zone , International Monetary Fund (IMF) , Unemployment
IMF warns Spain could face years of high unemployment and sluggish growth unless the country and Europe take “urgent action”. ...
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