Bank layoffs might thrill Occupy Wall Street

A recent article on Equities.com by Brittany Barrett tells us which Wall Street Banks are laying off the most people. Our Lender watch articles reflect layoff announcements as they happened, but Barrett puts figures all in one place. You might find the results both interesting and revealing. Morgan Stanley (MS): The most recent of the …

Job cuts hit hard in lending and mortgage industry

HSBC said it will also sell, shut or slim down retail operations in 39 markets, where operations are sub-scale and unprofitable and is looking to sell its U.S. credit card arm and shrink its network of 475 U.S. branches. HSBC’s move would be the latest in a wave of cuts announced by the global financial …

NY attorney general investigating eight banks

The New York attorney general has begun an investigation into eight banks to determine whether they provided misleading information to agencies that rate mortgage securities, The New York Times reported on Thursday. New York Attorney General Andrew Cuomo’s office issued subpoenas late on Wednesday notifying the banks of his investigation, the Times reported on its …