Is your job at risk?
Thousands of jobs are set to be lost in the City of London and Wall Street this year as the credit squeeze bites. How is the turmoil being felt at your company?
Financial job losses
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Credit crunch beginning to hit UK jobs
The first clear signs that the credit crunch and stuttering economic growth have begun to hit jobs emerged with official figures showing the number of people claiming unemployment benefit had risen for the third month in a row
Recruiters sense resilient mood
Even the City jobs market has not been as bad as feared as industry executives report that business had remained brisk, with some sectors seeing strong growth
Banks tighten their belts – but not too much
On Wall Street and in the City, bankers and brokers are learning that sometimes the smallest cuts hurt the most. But veterans of earlier downturns say the cost-cutting this time has been relatively restrained
Related content and features
Jobs tally
Global job cuts
Almost 47,000 banking jobs have been lost in the past 10 months as a result of the credit squeeze. Track the cuts at individual banks as the numbers mount
Redundancy survival guide
Make it less of a blow when you’re told to go
With 40,000 jobs being cut in the City, employees are being advised to scrutinise their contracts, and negotiate the best package possible
Your legal rights
Where do you stand when you’re shown the door? Ian Hunter of the Employment Group at City law firm Bird & Bird answers your questions.
Comment and Analysis
Seven habits finance regulators must acquire
Unless we are comfortable with a crisis every five years or so, financial regulation must be radically reconsidered. Tighter rules are desirable in the longer-run interests of the banking industry itself let alone the public’s. What should such regulation look like, asks Martin Wolf
Regulators must reform Wall Street
The best way to prevent a recurrence of the financial calamities since October 1987 is to break the one-sided incentive system, writes William Cohan
The binge culture of banking must be changed
Some blame the politicians, others the central bank officials (for creating asset bubbles). Abigail Hofman blames the corrosive culture of investment banking
Banking reform must begin in boardroom
A typical panel resembles a retirement home for the great and the good. If such a selection was ever adequate, it is not now, writes Paul Myners
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