Global Banks Poised to Cut 101,000 Jobs
(Bloomberg)

Banks around the world are starting to unload workers again. The article notes:

At that pace, they’ll cut more than 101,000 jobs this year – the most since 192,000 positions were targeted in 2008 amid loan losses, a global credit crunch and unprecedented government bailouts. HSBC’s aim to shed 30,000 workers, unveiled by the London- based firm on Aug. 1, was the single biggest job-cutting announcement since Bank of America said in December 2008 that it would eliminate as many as 35,000 positions, the data show.

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