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Financial job losses

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  • Wednesday, 4 August, 2021
    Commerzbank AG
    Commerzbank swings to loss as restructuring costs bite

    German lender stabilised by successful venture capital investments and lower loan loss provisions

  • Thursday, 22 July, 2021
    Commerzbank AG
    Commerzbank takes €200m hit from botched IT project

    German lender ditches plan to outsource securities settlement business to HSBC

  • Thursday, 15 July, 2021
    US banks
    US banks close more than 250 branches in bet on digital future

    Customers flocked to apps during pandemic and lenders hope they will stay there

  • Tuesday, 16 March, 2021
    Commerzbank AG
    Commerzbank chairman resigns due to health reasons

    Hans-Jörg Vetter’s exit after eight months in job hits lender at key moment in restructuring

  • Thursday, 28 January, 2021
    Commerzbank AG
    Commerzbank to cut one in three jobs in Germany

    German lender will halve branch network by 2024 in radical restructuring plan

  • Monday, 30 November, 2020
    ABN Amro
    ABN Amro to cut 2,500 jobs as it seeks to ‘future proof’ bank

    Dutch lender braces for sustained period of low or negative interest rates

  • Wednesday, 4 November, 2020
    Lloyds Banking Group PLC
    Lloyds to cut another 1,040 jobs as earnings outlook darkens

    Losses partially offset by creation of 340 new roles elsewhere at UK bank 

  • Thursday, 8 October, 2020
    Danske Bank AS
    Danske Bank cuts 1,600 jobs to reduce costs

    Denmark’s largest lender faces fallout from money-laundering scandal and negative interest rates

  • Wednesday, 30 September, 2020
    TSB Banking Group PLC
    TSB to shut a third of bank branches

    Move by Spanish-owned lender will trigger loss of 969 jobs

  • Tuesday, 22 September, 2020
    Deutsche Bank AG
    Deutsche Bank plans to close 1 in 5 branches in Germany

    German lender responds as coronavirus pandemic drives more customers online

  • Wednesday, 9 September, 2020
    Lloyds Banking Group PLC
    Lloyds to cut 865 jobs as cost pressures on banks intensify

    Losses will be offset by creation of 226 new positions elsewhere at UK lender 

  • Tuesday, 25 August, 2020
    Co-operative Bank
    Co-op Bank to close a quarter of branches

    Restructuring at UK retail lender will involve the loss of 350 jobs

  • Tuesday, 18 August, 2020
    Coronavirus: free to read
    UK faces white-collar crisis as pandemic ends job security

    Thousands in middle management and professional roles set to be hit after initial blue-collar cuts

  • Monday, 10 August, 2020
    The FT ViewThe editorial board
    The right way to restructure after Covid

    Difficult decisions cannot be delayed but need to be handled carefully

  • Monday, 10 August, 2020
    Coronavirus: free to read
    Banks braced as pandemic poses biggest test since financial crisis

    Provisions for loan losses are at the highest in a decade as lenders prepare for large-scale company bankruptcies

  • Thursday, 9 July, 2020
    Wells Fargo
    Wells Fargo considers cutting thousands of jobs

    Preparations for lay-offs before year-end come as loan losses jump and profits fall

  • Sunday, 5 July, 2020
    Deutsche Bank AG
    Deutsche Bank job cuts slowed by coronavirus

    German lender on track to hit financial targets despite the disruption, says finance chief

  • Wednesday, 1 July, 2020
    Special Report
    AI & Robotics

    Recyclers turn to AI-powered robots to counter China’s plastic import ban; historians harness machine learning to solve ancient puzzles; and farmers pick high-tech robotics to help bring in the harvest

  • Friday, 19 June, 2020
    Claer Barrett
    Millions on furlough in fear of redundancy

    Workers with savings could soon find out they’re not entitled to many benefits

  • Wednesday, 13 May, 2020
    Deutsche Bank AG
    Deutsche restarts job cuts after six-week pandemic hiatus

    Germany’s largest lender is pressing ahead with transformation plan announced in July

  • Tuesday, 14 April, 2020
    US banks
    JPMorgan and Wells plan for sharp rise in credit losses

    Two leading US banks increase provisions by $10bn as earnings fall in first quarter

  • Wednesday, 8 April, 2020
    Royal Bank of Scotland
    RBS cuts 130 jobs in investment bank

    State-backed lender presses on with restructuring despite coronavirus pandemic

  • Thursday, 26 March, 2020
    HSBC Holdings PLC
    HSBC to delay ‘vast majority’ of redundancies

    Impact of the coronavirus outbreak has forced lender to pause its restructuring

  • Wednesday, 18 March, 2020
    Coronavirus pandemic
    HSBC will be forced to delay radical restructuring if crisis deepens

    Bank’s executives accept coronavirus disruption is likely to change pace of overhaul

  • Wednesday, 26 February, 2020
    Lloyds Banking Group PLC
    Lloyds and Direct Line to cut hundreds of UK jobs

    Groups reveal cost cuts as customers go digital, while Virgin Money also reduces roles

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