Life after the City
When Black Monday forced him out of stockbroking, Tim Coghlan went on to turn around a bankrupt canal boat marina
Financial job losses
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HSBC to shed more UK staff
The bank plans to slash about 1,700 jobs in UK back-office functions, affecting mainly collections and credit card operations, in the next 12 to 18 months
RBS to consider further asset sales
The bank is considering further asset sales ‘not initially contemplated’, as part of talks aimed at breaking free from a state-backed asset insurance scheme
Cattles shuts 30 branches in new focus
The cuts, part of the troubled subprime lender’s plans to rein in new lending and concentrate on debt collection, come as it is negotiating a ‘standstill’ agreement to suspend payments to bondholders
Related content and features
Jobs tally
Global job cuts
More than 130,000 financial jobs have been lost in the past 12 months since the credit squeeze began. We track the top 20 banks by job cuts
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
Sacked in the City
A hefty 10 per cent of those in wholesale finance are forecast to lose their jobs this year, on top of the 28,000 scythed down in 2008
Oases of new hires in jobs desert
At a time when economists are predicting unemployment to rise by 1m to 3m by the end of 2009, supermarkets IT firms and pawnbrokers have scrambled to prove their resilience by announcing thousands of new jobs
Job losses in London and NY
Bankers may not need to join the queues of jobless benefits claimants, but plenty face unemployment
Extend state ownership to save jobs
To keep people in work, we have to accept that permanent government support of our ailing productive sector is required, writes Richard Sennett
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