UBS AG, Switzerland’s biggest lender, will offer investment bankers more pay this year after announcing 2,000 additional job cuts at the unit. The bank plans…
Huntington Bancshares is laying off 500 employees, or 4% of its work force; foregoing 2008 employee bonuses; and is ceasing its 401(k) matching program. CEO…
Pittsburgh's PNC Financial Services Group plans to cut 5,800 jobs following its recent purchase of National City, and posted a Q4 loss of $248 million.…
Major banks sought permission to bring thousands of foreigners into the country for high-paying jobs even as the financial system was melting down last year…
Federal regulators closed three banks in a single day Friday, as the ongoing credit crisis showed no signs of abating. Utah's MagnetBank became the fourth…
New York City Mayor Michael Bloomberg's executive budget, released today, shows a $4 billion deficit for 2010, a huge fiscal gap that he proposed addressing…