banking

7 Industries That Are Losing Jobs

7 Industries That Are Losing Jobs

October's employment report released earlier this month showed continued steady improvement in the job market. But hiring remains sluggish; a number of employers posted fewer job openings in September after advertising more in August than first estimated. As the Labor Department reported Tuesday, job openings... Read More »

For Bankers, The Era Of The Revolving Door Draws To A Close

For Bankers, The Era Of The Revolving Door Draws To A Close

One of the secrets of finance is that the banking world has a history of working in a lot of ways like a basketball league. You may be a star, but your killer jump shot barely matters if your team is in last place. Or to put in actual terms, what bank you work at is as important as your analyst skills. So if... Read More »

Bank Of America Could Cut Up To 30,000 Jobs

Bank Of America Could Cut Up To 30,000 Jobs

The nation's largest bank is looking at a whopping number of layoffs. Executives at Bank of America are considering cutting 25,000 to 30,000 jobs in the next few years. Read More »

Bank Of New York Mellon Plans 1,500 Job Cuts

Bank Of New York Mellon Plans 1,500 Job Cuts

By CHRISTINA REXRODE NEW YORK (AP) -- Bank of New York Mellon Corp. said Wednesday that it will cut about 1,500 jobs, or 3 percent of its work force, the latest sign of the banking industry's painful shrinking. Read More »

Barclays Set To Cut 3,000 Jobs After Missing Profit Expectations

Barclays Set To Cut 3,000 Jobs After Missing Profit Expectations

Barclays is set to cut about 3,000 jobs this year to reduce costs after a drop in bond trading and an insurance mis-selling charge cut first half profits by a third. The British bank's performance was more resilient than rivals, however, as bad debts tumbled and it kept costs steady. Read More »

HSBC to Cut 30,000 Jobs in Global Overhaul

HSBC to Cut 30,000 Jobs in Global Overhaul

By MEERA SELVA LONDON (AP) -- British banking group HSBC said Monday it will cut 30,000 jobs worldwide by 2013 and sell almost half its retail bank branches in the U.S., part of a new strategy to focus on fast-growing emerging markets. The bank, which reported a better-than-expected 3 percent increase in... Read More »

HSBC May Cut More Than 10,000 Jobs

HSBC May Cut More Than 10,000 Jobs

HONG KONG/LONDON - Banking group HSBC Holdings Plc may cut more than 10,000 jobs as part of its plan to slash costs by up to $3.5 billion a year, Sky News reported Thursday. New HSBC Chief Executive Stuart Gulliver in May announced a far-reaching plan to cut costs and revive flagging profits by exiting... Read More »

Credit Suisse to Cut 2,000 Jobs as Profits Drop

Credit Suisse to Cut 2,000 Jobs as Profits Drop

By JOHN HEILPRIN GENEVA (AP) -- Credit Suisse Group announced Thursday that it will cut more than 2,000 jobs after its second-quarter profits dropped by half, more than expected, due to a strong Swiss franc and a plunge in trading and investment banking earnings. Read More »

Confessions of a Credit Manager

Confessions of a Credit Manager

My name is Rose Silcox, and I was a credit manager for Qwest Communications for two years, based out of Seattle, Wash. The title of credit manager is a nice way of saying I was the person who shut off the customer's home phone, cell phone, Internet and dish service if they didn't give me money for their... Read More »

I interviewed at Wells Fargo Bank

I interviewed at Wells Fargo Bank

When I interviewed at Wells Fargo Bank in the summer of 2010, my background was mainly in customer service, including a position at the Marriott Hotel in Atlanta. I applied for a part-time teller position on Wells Fargo's website. I had been banking with Wells Fargo for so long that I knew my bank's branch... Read More »

10 High-Paying Entry-Level Jobs

10 High-Paying Entry-Level Jobs

A well-paid, entry-level job sounds like an oxymoron. But finding one would certainly help with the piles of student loans that many young people face and the heavy financial pressures sending many stay-at-home parents back into the work force. Fortunately, PayScale.com has found a few. Online salary... Read More »

Bank Relationship Manager Cover Letter Example

Bank Relationship Manager Cover Letter Example

Harold, a bank relationship manager, needed a cover letter that focused on his outstanding customer service skills, high client retention rate, and impressive revenue growth. We used a quote from a retailer to drive the point home that great customer service has been the key to Harold's success. Incorporating... Read More »

Top 10 Jobs in Banking and Finance

Top 10 Jobs in Banking and Finance

Do you get a certain thrill from balancing your checkbook? Maybe you should consider one of the following jobs in banking and finance. Read More »

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