As revenues continue to fall, cutting jobs remains an area of focus for the big banks looking to reduce operating costs and retain their competitive edge. Barclays’ chief executive Antony Jenkins has similar ideas to lower costs as he looks for a way to have the bank operate with 30% fewer staff, reports FT.com. Jenkins’ […]
Reuters reports Citadel Securities is letting 10% of its workforce go, amounting to 25-30 jobs. Senior managing director Matt Cushman is included in the cuts.
HR professionals expect hiring to be modest in early 2013.
GMP Capital Inc. has cut 16 jobs and shunted 51 key support personnel to its wealth management arm, Richardson GMP, to reduce expenses in the face of challenging business conditions.
Canadian economy created 39,800 jobs in December, right after the stunning 59,300 increase from the previous month.
National Bank is cutting about 2% of its workforce.
Swiss bank UBS’ recent decision to cut 10,000 jobs by 2015 has unleashed a mass outpouring of bitterness in the twitterverse. The multilingual tweets posted by its employees revealed many didn’t know they’d been fired until they realized their access passes were no longer working, says a report on FT.com Read: Swiss bank UBS to […]
There are growing signs that the U.S. economic growth is poised to do well this fall. One of them is the rise in the Institute of Supply Management (ISM) manufacturing index whose reading crossed 50 in September, rising from 49.6 to 51.5, according to a Desjardins Group report. Read: Canadian manufacturing remains stable Having remained […]
More than half a million Canadian entrepreneurs are in the process of establishing their own business this year, according to a CIBC report. Read: Help business owners find funding “Irreversible structural forces suggest that the next decade might see the strongest start-up activity in the Canadian economy on record,” says Benjamin Tal, deputy chief economist […]
Debt is an ongoing issue, and one that’s not restricted to any age group. A recent CIBC poll found 59% of retirees are in debt. Read: Too many boomers retire with debt Meanwhile, one-third of students are feeling anxious about their finances, says TD. And it’s no wonder. The average debt of a university student […]