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    Financial job losses

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    • Tuesday, 21 March, 2023
      European banks
      Who killed Credit Suisse?

      The legality of liquidity versus solvency

    • Thursday, 16 March, 2023
      US banks
      Investors have wiped $165bn of value from big US bank stocks this month

      Shareholders are worried about lower profits and more regulation after collapse of Silicon Valley Bank

    • Friday, 3 February, 2023
      Big tech
      Big Tech groups disclose $10bn in charges from job culls and cost cutting

      Amazon, Meta, Alphabet and Microsoft reveal hefty price tag as they rein in spending

    • Wednesday, 1 February, 2023
      Investment Banking
      Goldman to fund meagre payouts to banks hammered by Archegos collapse

      Lenders that lost billions will get back as little as 5 cents on the dollar from restructuring

    • Saturday, 21 January, 2023
      Banks prepare for deepest job cuts since the financial crisis

      Firings expected to be ‘super brutal’, with Credit Suisse, Goldman Sachs and Morgan Stanley already laying off staff

    • Friday, 20 January, 2023
      Deutsche Bank AG
      Deutsche Bank slashes investment banker bonuses but rewards traders

      Dealmaker pool to fall 40% in line with Goldman but a bigger drop than most rivals

    • Tuesday, 17 January, 2023
      Silvergate Bank
      US bank Silvergate sinks to $1bn loss as crypto crisis takes a toll

      Lender braced for ‘sustained period of lower deposits’ even as its faith in digital asset industry remains intact

    • Saturday, 14 January, 2023
      Credit Suisse Group AG
      Credit Suisse set to cut 10% of European investment bankers

      Swiss lender steps up wave of job cuts as it prepares to announce second consecutive annual loss

    • Wednesday, 11 January, 2023
      Goldman Sachs Group
      Goldman Sachs makes ‘brutal’ job cuts in quest for lower costs

      Group pays some bankers no bonus for last year’s work while giving others 30 minutes to leave

    • Wednesday, 11 January, 2023
      BlackRock Inc
      BlackRock plans to cut 500 jobs worldwide following 2022 sell-off

      World’s largest asset manager to shed staff as industry braces for tough 2023

    • Tuesday, 10 January, 2023
      Goldman Sachs Group
      Goldman embarks on biggest cost-cutting drive since financial crisis

      Wall Street bank reviews spending on everything from private jets to new consumer and tech unit

    • Tuesday, 10 January, 2023
      Coinbase
      Coinbase to slash a fifth of workforce as crypto crisis deepens

      Cryptocurrency exchange will cut 950 jobs to ensure it can ‘weather downturns’ in the market

    • Monday, 9 January, 2023
      Goldman Sachs Group
      Goldman prepares to cut 3,200 jobs to rein in costs

      Wall St bank scaling back consumer operations and confronting slowdown in investment banking

    • Thursday, 29 December, 2022
      Goldman Sachs Group
      Goldman’s David Solomon says job cuts to come in January

      Investment bankers who survive cull could face bonus reductions of 40% or more

    • Friday, 16 December, 2022
      US banks
      Goldman Sachs prepares to lay off almost 4,000 employees

      Chief executive David Solomon is trying to boost profitability amid economic headwinds

    • Monday, 12 December, 2022
      Goldman Sachs Group
      Goldman considers hundreds of job cuts at consumer business

      Reductions would come on top of annual cull of underperforming bankers

    • Wednesday, 16 November, 2022
      Brooke Masters
      How not to fire people

      Badly done lay-offs at Twitter and elsewhere could wound the tech sector for years to come

    • Thursday, 10 November, 2022
      LexCryptocurrencies
      FTX: Wall Street might cover the liquidity issue but not its insolvency Premium content

      Cryptocurrency lacks a strong legal and regulatory framework to oversee distressed acquisitions

    • Monday, 12 September, 2022
      Goldman Sachs Group
      Goldman plans job cuts as dealmaking dries up

      Review of underperforming bankers threatens hundreds of employees

    • Wednesday, 7 September, 2022
      Revolut Ltd
      Revolut axes graduate jobs as it conducts sweeping costs review

      Fintech in throes of major business review codenamed Project Prism

    • 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

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