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BayernLB to Eliminate 5,600 Jobs in Reorganization (Update3) (Bloomberg)
Dec. 1 (Bloomberg) -- Bayerische Landesbank , the German state-owned bank that last week asked for fresh capital, plans to cut 5,600 jobs, or 29 percent of the workforce, as it scales back its international business.
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Bayerische Landesbank to slash one-third of work force (International Herald Tribune)
The German regional bank announced Monday plans to cut 5,600 jobs, or 29 percent of its work force, as it scales back its international business and taps the government for support.
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A V Rajwade: A bottomless pit? (Business Standard India)
I had quoted, last week, the Bank of England’s estimate of the aggregate central bank and government support to banks in US and Europe at £5 trillion. It is already looking a gross under-estimate: Bloomberg has estimated the figure for the US alone at $7.4 trillion!
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A M Naik (Business Standard India)
The 19 finalists this year come from diverse sectors and backgrounds. However, they are united in their desire to achieve beyond the ordinary.
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IndusInd Bank ties up with TVS Motor (The Hindu)
MUMBAI: IndusInd Bank has entered into an agreement with TVS Motor Company to provide structured inventory funding to dealers. This business initiative will further strengthen IndusInd position in the vehicle finance space. According to H. S. ...
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Bankers Face Zero Bonuses, Limits on Cash Payments, Report Says (Bloomberg)
Nov. 27 (Bloomberg) -- About a quarter of bankers in Europe will get no bonus this year as governments that have bailed out the industry clamp down on pay, a survey said.
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Babcock & Brown's dispute with bank puts its future in jeopardy (International Herald Tribune)
The Australian investment group is seeking to refinance billions of dollars in loans.
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Demand for skilled labour slumps (AAP via Yahoo!7 News)
Demand for skilled labour has dropped to recessionary levels as businesses wind back their hiring in the face of a rapidly slowing economy.
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Fitch says mortgage stress spikes in WA (Sydney Morning Herald)
Mortgage stress among borrowers in WA spiked during the six months to September 30, but New South Wales remains the worst state for mortgage delinquency rates.
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Job vacancy: Regional Project Director (PublicTechnology.net)
No barriers. No compromise. We’re changing the way fire and rescue services work across the south east of England. Your challenge is to lead this major transformation.
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