Financial Times FT.com

Financial job losses

QUICK LINKS

Resources

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

Forum

Is your job at risk?

Reader forum

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?

    Jobs tally

    Global job cuts

    Finance 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

      Finance job cuts

      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

        Pre Budget 2002

        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

          Martin Wolf

          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

          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

          Graphic

          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

          Paul Myners

          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

          More stories

          Hiring the next generation

          UBS to shed a further 2,600 bankers

          Financial services braced for job losses

          City job vacancies down by quarter

          Fears of 10,000 City job losses

          Outlook worsens for Square Mile jobs

          City’s relief as bonuses defy credit crunch

          Trickle of job cuts in City could become a flood