The Federal Deposit Insurance Corporation, or FDIC, is opening a satellite office in Jacksonville, Florida, and will hire 500 temporary workers. The office will launch…
Milwaukee, Wisconsin's Guaranty Bank will shut down its GB Mortgage unit, showing 131 employees the door. Sixty-two people are being laid off in Milwaukee, with…
Wells Fargo has laid off 548 workers at the former Charlotte, North Carolina HQ of Wachovia. The cuts targeted investment banking. Previously, the bank had…
Philadelphia's Sovereign Bancorp will cut 950 jobs in eight states. The bank was purchased by Spain's Banco Santander SA in January. The firm employs 10,700…
Amcore Financial will reduce its workforce by 9%, and cut executive pay. The company will eliminate 116 positions, including that of chief operating officer. The…
Capital One Financial has told 60 Virginia employees their jobs are being eliminated. The layoffs target its Richmond US Card division, which manages credit card…
Wells Fargo is firing 150 employees in its investment banking & capital markets unit, after purchasing Wachovia's investment banking business. Half the cuts will take…
Swiss Bank UBS will cut 2,000 positions in its US wealth management business, beginning next week. The bank is cutting its headcount globally by 8,700.…