Employment

Employment

During my last days on the trading floor, I’d pretty much lost the will to live

I knew it was getting pretty boring sitting at the old desk twiddly my thumbs, but I never imagined that financial services would boast one of the highest levels of non-productivity in the land. According to a survey undertaken by Healthiest Workplace, some 24.9 days ...Read More

Credit Suisse to cut another 2,000 jobs

Swiss banking giant Credit Suisse has announced that 2,000 jobs will go at its global markets business. The latest cuts are in addition to the 4,000 job cuts announced last month and are part of the bank’s efforts to reduce annual costs by 800m ...Read More

Half of U.S. May Endure ‘Lost Decade’ of Depressed Employment

Economic recovery has been unusually sluggish and uneven across regional U.S. job markets, with employment set to stay low for years to come in areas that endured the recession’s worst, according to new research. At the current pace of improvement, employment rates across the ...Read More

Deutsche Bank to Cut 35,000 Jobs Under New Strategy

Deutsche Bank said on Thursday that it would slash as many as 35,000 jobs over the next two years through internal cuts and sales of businesses, as the new co-chief executive, John Cryan, unveiled plans to simplify and overhaul the lender. The strategy update ...Read More

Banks have now resorted to hiring ex-soldiers to keep their staff in line

Banks are bringing in the big guns. That’s not exactly a metaphor. Over the past year, 15% percent of the new hires in Barclays’ compliance team came not from Harvard or Oxford, but the armed forces. These 46 new recruits have the characteristics banks ...Read More
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