Scalper1 News
Standard Chartered became the third European bank in less than two weeks to announce sweeping job cuts, bringing the total planned reductions to more than 30,000, or almost 1 in 7 positions. The London-based lender said Tuesday that it will eliminate 15,000 jobs, or 17% of its workforce, as soaring bad loans in emerging markets hurt earnings. Deutsche Bank (DB), based in Frankfurt, announced plans last week for 11,000 job cuts, while Scalper1 News
Scalper1 News