Jan. 10 (Bloomberg) — Royal Bank of Scotland Group Plc Chief Executive Officer Stephen Hester is reversing a decade of expansion led by former CEO Fred Goodwin that included $140 billion of acquisitions. The Edinburgh-based lender plans to close its equities and corporate finance units globally, cutting as many as 5,000 jobs, said two people [...]
Tag Archives: news
RBS’s Hester Reverses Decade of Expansion With Job Cuts
Posted by admin on January 13, 2012
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Credit Agricole to Cut 2,350 Jobs; Lloyds CEO to Return
Posted by admin on December 19, 2011
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Dec. 15 (Bloomberg) — Credit Agricole SA, France’s second-largest bank by assets, will report a loss for 2011 and eliminate 2,350 jobs at its investment-banking and consumer-finance units, while Lloyds Banking Group Plc Chief Executive Officer Antonio Horta-Osorio will return to work next month after nine weeks of medical leave. Elliott Gotkine reports on Bloomberg [...]
Kron Says Alstom Restructuring Will ‘Hit’ 3,500 Jobs
Posted by admin on December 6, 2011
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Nov. 4 (Bloomberg) — Patrick Kron, chief executive officer of Alstom SA, talks about the company’s first-half results for the fiscal year ending March 2012, growth strategy and restructuring. He speaks with Francine Lacqua on Bloomberg Television’s “Countdown.” (Source: Bloomberg) Duration : 0:4:18 addthis_url = ‘http%3A%2F%2Fwww.financesalary.com%2Fblog%2Ffinance-jobs%2Fkron-says-alstom-restructuring-will-hit-3500-jobs’; addthis_title = ‘Kron+Says+Alstom+Restructuring+Will+%26%238216%3BHit%26%238217%3B+3%2C500+Jobs’; addthis_pub = ”; Technorati Tags: ‘Hit’, [...]
Flynn Says ING to Cut 2,000 Jobs in Automation Process
Posted by admin on November 9, 2011
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Nov. 3 (Bloomberg) — Patrick Flynn, chief financial officer of ING Groep NV, discusses the company’s third-quarter profit reported today, plans to cut more than 2,000 jobs and business outlook. He speaks from Amsterdam with Owen Thomas on Bloomberg Television’s “Countdown.” Duration : 0:3:54 addthis_url = ‘http%3A%2F%2Fwww.financesalary.com%2Fblog%2Ffinance-jobs%2Fflynn-says-ing-to-cut-2000-jobs-in-automation-process’; addthis_title = ‘Flynn+Says+ING+to+Cut+2%2C000+Jobs+in+Automation+Process’; addthis_pub = ”; Technorati Tags: [...]
ING CFO: Euro debt writedowns complete, cuts 2,700 jobs
Posted by admin on November 5, 2011
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Nov. 3 – Dutch bank and insurer ING Group’s Chief Financial Officer Patrick Flynn says the company has sharply reduced its exposure to peripheral euro zone bonds and is cutting 2,700 jobs. Duration : 0:5:12 addthis_url = ‘http%3A%2F%2Fwww.financesalary.com%2Fblog%2Ffinance-jobs%2Fing-cfo-euro-debt-writedowns-complete-cuts-2700-jobs’; addthis_title = ‘ING+CFO%3A+Euro+debt+writedowns+complete%2C+cuts+2%2C700+jobs’; addthis_pub = ”; Technorati Tags: business, finance, news, Politics, reuters
Saving the Dollar, Destroying Jobs and the Financial System
Posted by admin on October 29, 2011
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Gerry Epstein: In ’71 Nixon closed the gold window and contributed to rise of the domination of finance and weakening of the real economy Duration : 0:9:55 addthis_url = ‘http%3A%2F%2Fwww.financesalary.com%2Fblog%2Ffinance-jobs%2Fsaving-the-dollar-destroying-jobs-and-the-financial-system’; addthis_title = ‘Saving+the+Dollar%2C+Destroying+Jobs+and+the+Financial+System’; addthis_pub = ”; Technorati Tags: bank, Collapse, crisis, Dollar, Dollars, economic, economy, entertainment, financial, gold, market, news, Politics, reserve, Work
How to Turn Your Dumb Summer Job Into $162,000
Posted by admin on October 12, 2011
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In which John celebrates financial independence by explaining how minimum-wage summer jobs can become incredibly lucrative if only you save some of your money in a retirement account. In the US, the most common retirement accounts are called IRAs (IRAs have tax advantages), but any investment account will do. Just sock the money away in [...]
Obama jobs plan fails to sway jaded investors: LPL Financial
Posted by admin on September 12, 2011
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Sept. 9 – LPL Financial Chief Investment Officer Burt White says the tax breaks offered in Obama’s jobs package were priced into the market and the speech only served to remind investors of how little action they can expect from a divided Washington. Duration : 0:4:35 addthis_url = ‘http%3A%2F%2Fwww.financesalary.com%2Fblog%2Ffinance-jobs%2Fobama-jobs-plan-fails-to-sway-jaded-investors-lpl-financial’; addthis_title = ‘Obama+jobs+plan+fails+to+sway+jaded+investors%3A+LPL+Financial’; addthis_pub = ”; [...]
Steve Jobs resigns as CEO of Apple
Posted by admin on August 29, 2011
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Aug. 24 – Apple CEO Steve Jobs will hand over the reins of the world’s largest technology company to Tim Cook but will stay on as chairman. Deborah Gembara reports. Duration : 0:1:15 addthis_url = ‘http%3A%2F%2Fwww.financesalary.com%2Fblog%2Ffinance-jobs%2Fsteve-jobs-resigns-as-ceo-of-apple’; addthis_title = ‘Steve+Jobs+resigns+as+CEO+of+Apple’; addthis_pub = ”; Technorati Tags: business, finance, news, Politics, reuters