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Financial job losses

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  • Tuesday, 18 February, 2020
    Banks
    HSBC to shed 35,000 jobs in radical downsizing

    Lender’s overhaul to shrink investment bank with reductions in Europe and US

  • Tuesday, 18 February, 2020
    LexHSBC Holdings PLC
    HSBC/Noel Quinn: the executioner’s song Premium

    The prevarication over chief executive’s role is destabilising

  • Thursday, 13 February, 2020
    Commerzbank AG
    Commerzbank vows to look ‘everywhere’ for new cost cuts

    German lender’s incoming finance chief says bank wants to make additional savings

  • Thursday, 13 February, 2020
    Royal Bank of Scotland Group PLC
    RBS beefs up operations in Poland as staff prepare for job cuts

    Lender keeps foothold in investment banking with cheaper satellite office

  • Monday, 9 December, 2019
    Morgan Stanley
    Morgan Stanley to cut 1,500 jobs worldwide

    Year-end reductions will fall heaviest on technology and operations staff

  • Saturday, 7 December, 2019
    Analysis
    Europe’s banks slash 60,000 jobs on negative outlook

    Potential industry consolidation could unleash even more pain for employees

  • Monday, 2 December, 2019
    Deutsche Bank AG
    Deutsche Bank’s top internal dealmaker joins hedge fund

    Departure of James Ruane comes as lender prepares for capital markets day

  • Friday, 29 November, 2019
    Daimler AG
    German car industry reels as Daimler cuts 10,000 jobs

    Some 50,000 cuts have been announced across the sector as automakers restructure

  • Wednesday, 30 October, 2019
    Deutsche Bank AG
    Deutsche Bank dented by decline in trading revenue

    Shares in Germany’s biggest lender tumble almost 7 per cent as challenges mount

  • Promoted Content
  • Sunday, 6 October, 2019
    HSBC Holdings PLC
    HSBC to axe up to 10,000 jobs in cost-cutting drive

    Interim chief Noel Quinn seeks immediate savings from across banking group

  • Tuesday, 1 October, 2019
    Tech forecast to destroy over 200,000 US bank jobs

    Report says cuts greatest in back offices, branches and call centres 

  • Tuesday, 24 September, 2019
    CYBG plc
    CYBG to cut 330 jobs as part of Virgin Money merger

    First tranche of redundancies will be spread across the UK

  • Friday, 20 September, 2019
    Commerzbank AG
    Commerzbank to cut 2,300 jobs and slash branch network

    Moves to halt sharp drop in profitability include sale of €2.1bn stake in Poland’s mBank

  • Friday, 23 August, 2019
    Deutsche Bank AG
    Deutsche Bank to transfer up to 800 staff to BNP Paribas

    French lender to assume control of Deutsche’s prime brokerage unit that services hedge funds

  • Sunday, 11 August, 2019
    Investment Banking
    Investment bank job cuts near 30,000 as outlook sours

    Falling interest rates, weak trading volumes and automation create brutal summer

  • Wednesday, 24 July, 2019
    Deutsche Bank AG
    Deutsche Bank slumps to largest quarterly loss since 2015

    German lender takes large restructuring charge as part of overhaul of the group 

  • Sunday, 21 July, 2019
    AnalysisDeutsche Bank AG
    The day Deutsche Bank’s boss decided on a radical solution

    When police raided the Frankfurt HQ, Christian Sewing knew he was running out of time

  • Thursday, 11 July, 2019
    Deutsche Bank AG
    Bank of England scrutinising overhaul of Deutsche Bank

    Central bank supervisors will seek to ensure restructuring is ‘safely executed’

  • Monday, 8 July, 2019
    AnalysisDeutsche Bank AG
    Sombre scenes as Deutsche Bank axes equities staff

    In the first round of dismissals, hundreds of staff were told they were losing their jobs

  • Monday, 8 July, 2019
    Deutsche Bank AG
    Deutsche Bank starts cull of 18,000 jobs

    German lender begins its most radical strategic overhaul in 2 decades

  • Monday, 8 July, 2019
    Instant InsightPatrick Jenkins
    Deutsche Bank strategy on track at last

    German lender has been painfully slow to respond to industry changes but is now taking action

  • Sunday, 7 July, 2019
    Deutsche Bank AG
    Deutsche poised to shrink investment bank by a third

    Germany’s largest lender rolls back twenty-year attempt to break into the top ranks of Wall Street

  • Friday, 5 July, 2019
    European banks
    Deutsche braced for cull as investment bank head quits

    Germany’s biggest lender poised to slash 20,000 jobs and shed €50bn of assets

  • Wednesday, 3 July, 2019
    Deutsche Bank AG
    Deutsche Bank faces restructuring costs of up to €5bn

    Plan to shrink investment bank set to push lender to net loss for this year

  • Wednesday, 3 July, 2019
    Societe Generale
    SocGen chairman admits it was too slow to fire traders

    French bank’s shares are one of the worst performers in Europe’s banking sector

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