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A Looming Contest For Unenviable Bank CEO Jobs

Two U.K. lenders could get new leaders next year. Barclays and Lloyds have their problems, but the former offers any new CEO more opportunity......»»

Category: topSource: washpostJul 10th, 2020

Huntington Bank to cut $75M in expenses, cut jobs

The budget tightening will impact about 1% of Huntington's workforce of 15,000......»»

Category: topSource: bizjournalsJul 23rd, 2020

St. Louis Fed"s Bullard has a surprising prediction on year-end unemployment

Jim Bullard, president of the Federal Reserve Bank of St. Louis, predicts inflation may fall to as low as 7% by year end, with most employees recalled to their jobs within 90 days......»»

Category: topSource: bizjournalsJul 9th, 2020

Central Banks Cannot Print Jobs: Understanding Real Economic Recovery, Feat. Daniel Lacalle

A leading economist shares why crisis-time central bank policies are saving zombie companies while hurting small businesses and startups......»»

Category: forexSource: coindeskJul 7th, 2020

Central Banks Cannot Print Jobs: Understanding Real Economic Recovery, Feat. Daniel Lacelle

A leading economist shares why crisis-time central bank policies are saving zombie companies while hurting small businesses and startups......»»

Category: forexSource: coindeskJul 7th, 2020

7 must reads for the AEC industry today: July 7, 2020

1. Construction industry adds 158,000 workers in June but infrastructure jobs decline (AGC)  "Gains in June are concentrated in homebuilding as state and local governments postpone or cancel roads and other projects in face of looming budget deficits.".....»»

Category: realestateSource: bdcnetworkJul 7th, 2020

Bryn Mawr Trust moving 40% of employees to permanent remote work, selling building

The bank also plans to sell some real estate and has eliminated about 25 jobs as part of an overarching plan that will reduce personnel and occupancy costs......»»

Category: topSource: bizjournalsJul 5th, 2020

Texas-based bank reduces workforce

Texas Capital Bank has cut jobs, the Dallas-based bank confirmed. “Maintaining a cost structure that supports sustainable profitability means effectively managing expenses and allocation of resources,” a spokesperson said in a statement......»»

Category: topSource: bizjournalsJun 17th, 2020

Employee union Unite says to oppose compulsory job losses at HSBC

Employee union Unite said it will oppose any compulsory job losses within HSBC and "work vigorously to ensure staff are heard and their jobs protected", after the bank dusted off plans to axe as many as 35,000 roles worldwide......»»

Category: topSource: reutersJun 17th, 2020

HSBC revives 35,000 job cut plan after pandemic pause

HSBC is resuming plans to cut around 35,000 jobs which it put on ice after the coronavirus outbreak, as Europe's biggest bank grapples with the impact on its already falling profits......»»

Category: topSource: reutersJun 17th, 2020

Fed"s Barkin says some jobs lost during crisis will not come back

Richmond Federal Reserve Bank President Tom Barkin he fears the coronavirus pandemic could have effects that last beyond the next couple of months and that some of the jobs lost during the downturn may not come back......»»

Category: topSource: reutersJun 12th, 2020

Despite jobs rebound, Fed officials see long road to recovery from pandemic recession

The central bank's outlook could add fuel to the debate over whether more pandemic fiscal relief is needed. The central bank's outlook could add fuel to the debate over whether more pandemic fiscal relief is needed......»»

Category: topSource: latimesJun 10th, 2020

Asian stocks set for best weekly gain in nine years, U.S. jobs eyed

Asian stocks extended gains on Friday and were poised for their biggest weekly rise since 2011 while the euro hit a 1-1/2 month high as Europe's central bank surprised with more stimulus, fuelling hopes for a global rebound......»»

Category: topSource: reutersJun 5th, 2020

Asian stocks set for best weekly gain in nine years, ECB stimulus boosts euro; U.S. jobs eyed

Asian stocks erased early losses on Friday and were poised for their biggest weekly rise since 2011 while the euro hovered near a 1-1/2 month high as Europe's central bank surprised with more stimulus, fuelling hopes for a global rebound......»»

Category: topSource: reutersJun 5th, 2020

Asia"s stock rally pause ahead of U.S. jobs data, euro at one-and-a-half month top

Asian stocks were poised for their biggest weekly rise in over eight years while the euro hovered near a 1-1/2 month high as Europe's central bank surprised with more stimulus, fuelling hopes for a global rebound......»»

Category: topSource: reutersJun 4th, 2020

Climate change is looming. But America has lost 600,000 clean energy jobs

Public investment could help reverse the job losses while also reducing pollution and fighting climate change, experts say. Public investment could help reverse the job losses while also reducing pollution and fighting climate change, experts say......»»

Category: topSource: latimesMay 13th, 2020

Jersey jackpot of $2 million awaits Deutsche"s lost shareholders

While Deutsche Bank employees fret about their jobs and pay, Germany's largest lender is trying to track down several hundred former staff to claim share payouts it has been holding in Jersey......»»

Category: topSource: reutersMay 13th, 2020

"The worst is yet to come": The Fed"s Kashkari issues a grim outlook for US jobs, and urges more assistance from Congress

Thomson Reuters Federal Reserve Bank of Minneapolis President Neel Kashkari said that US workers will likely need more aid from Congress for a gradual coronavirus recovery on a Sunday interview with ABC's "The Week."  "It's really ar.....»»

Category: topSource: businessinsiderMay 11th, 2020

Kashkari: Unemployment even worse than it looks, but not "Depression scenario"

The latest U.S. unemployment figures came out this morning and they're terrible. They'll also be just a partial measurement of an even worse jobs picture that's unfolding across the country, the chief of the Federal Reserve Bank of Minneapolis said Thur.....»»

Category: topSource: bizjournalsMay 8th, 2020

This L.A. banker thinks the New Deal can point the way to recovery

City National Bank Chairman Russell Goldsmith says the country could benefit from public spending on jobs training, telecommunications and infrastructure that recalls programs lik.....»»

Category: topSource: latimesMay 8th, 2020

Places a COVID-19 Recession Will Likely Hit Hardest

The coronavirus pandemic is a public crisis of historic proportions, threatening the health and economic stability of millions of Americans. With the April jobs report looming, economists are........»»

Category: blogSource: 247wallstMay 7th, 2020