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Bank Layoffs: Carnage on Both Sides of the Atlantic

Here are some of the largest global banks that are planning significant job cuts.

Bank Layoffs Continue Unabated: UBS to Cut 3,500 Jobs

The company expects to record a restructuring charge of about 550 million Swiss Francs (U.S. $700 million) in connection with the cuts.

China Factory Output Cooling in August: HSBC

Workers make shoes, which will be exported to the U.S., at a shoe factory in Xihua county

China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI indicated Tuesday.

Bank of America Shares Fall Amid Legal,Capital Woes

Bank of America Corp (BAC.N) shares fell nearly 8 percent on Monday, reaching their lowest level since March 2009, as investors fretted the bank may need to raise some $50 billion of capital and worried about potential additional mortgage lawsuit payouts.

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Bank of America Layoffs: Top 10 Things Brian Moynihan Should Have Said

Here are the top ten things the bank’s chief executive, Brian Moynihan, should have said about the massive job cuts he is proposing.

Federal Reserve Lent Private Banks $1.2 Trillion During Financial Crisis’ Acute Stage

The U.S. Federal Reserve lent private banks about $1.2 trillion from 2007-2009 in order to maintain credit market liquidity, bank function, and prevent the U.S. economy from plunging in to a depression.

Layoffs Sweep Wall Street, Along with Low Morale

In early summer, before layoffs began sweeping across Wall Street, billboard-sized photos of employees were plastered on the walls, pillars and elevator banks of Credit Suisse Group AG's offices in the United States and abroad.

A private security guard keeps an eye on the sidewalk outside of the Bank of America Corporate Center in Charlotte

Bank of America Layoffs: Impending Job Cuts Will Worsen North Carolina Unemployment

The company has about 15,000 employees in the Charlotte area.

Zachery Tims’ Sudden Death: Another Drug Overdose?

Zachery Tims Funeral To Go Private, Shrouds More Mystery

Pastor Zachery Tims' funeral arrangements are set for Saturday 11 a.m., at First Baptist church of Orlando, but the ceremony will be held privately and will not stream live online.

A Bank of America customer uses a Bank of America ATM in Charlotte

Bank of America Layoffs: Banking Industry Copes With A Changing World

Large banks in the U.S. and Europe are undergoing a massive and painful re-organization in order to confront the gloomy new realities of the global economic landscape.

BofA cutting 3,500 jobs this quarter

Bank of America Corp plans to cut 3,500 jobs in the next few weeks as CEO Brian Moynihan tries to come to grips with the bank's $1 trillion pile of problem home mortgages.

Large banks are firing thousands of workers

Bank of America Layoffs: Why Are Big Banks Firing Thousands of People?

These banking institutions plan to let go tens of thousands of people around the world, the victims of a merciless economic climate and a brutal refiguring of the global banking industry.

Directions to the Bank district are seen on a sign in the City of London

Bank of America Layoffs: Part of Global Trend

Here are some of the largest global banks that are planning significant job cuts.

Thousands to Pay Last Respects to Zachery Tims Friday

Mourners from around the world will pay their last respects this weekend to Dr. Zachery Tims, Jr., the founder and senior pastor of one of Florida's most largest churches.

Bank of America Layoffs: Banks Continue Cuts as Economic Climate Darkens

Bank of America (NYSE: BAC) said it plans cut an additional 3,500 jobs – on top of the 2,500 already announced year-to-date.

Bank of America Reported Cutting 3,500 Jobs

Bank of America is cutting 3,500 jobs this quarter and working on a restructuring that could eliminate thousands of additional positions, the Wall Street Journal reported, adding to a slew of layoff by major banks.

Recession Fears Rattle US Stock Market

The U.S. stock market had a mini-meltdown on Thursday as fears about a second recession in the United States and Europe rattled investors.

Church Seeks Donations as Family Changes Zachery Tims Funeral Plans

A public memorial and funeral was schedule to be held this week after the body of mega-church pastor Zachery Tims Jr. was found in a hotel in New York, but family members have revised the plans.

Market Crash: Are the Days of 'Star Traders' Over?

Barclays fired one of its star commodities traders yesterday, marking what could be the end of an era.

Gold Closes at Record High on Weak U.S. Economic Data

Gold close at a fresh high Thursday as investors sought safety from fresh evidence that the U.S. economy is struggling and not-so fresh evidence that Europe's debt problems are far from over.

Barclay's Capital trader Geoffrey Friedman watches his screen just after the opening bell on the floor of the New York Stock Exchange

Stock Market Plunges: Five Reasons Why

Here are five of the most important reasons that are pressuring U.S. stocks on Thursday.

Stocks Plummet ? A New Recession?

Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.

Stocks Plummet – A New Recession?

Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.

Traders work on the floor of the New York Stock Exchange

Wall Street Set for Lower Open; Earnings Reports Awaited

Stock futures pointed to a lower open for Wall Street Wednesday, with investors believing that Tuesday's meeting between French and German leaders failed to make significant progress on the euro zone sovereign debt crisis.