|
Published March 25, 2009 at 8:48 AM
|
 More bad news for bankers this Wednesday. Here are the latest layoff rumors and reports: - Wells Fargo & Co. (NYSE:WFC) named more than a dozen executives to run industry groups and other businesses in the unit as it works on integrating Wachovia. However, it also means that Wells Fargo is likely to announce more layoffs as it slashes $5 billion in expenses. Wells hasn't disclosed details about those layoffs, according to the Charlotte Observer.
- HSBC Holdings plc (NYSE:HBC) may cut about 1,000 jobs in the U.K. The layoffs will be in processing and operations, plus the bank may close down some administration sites, according to Bloomberg.
-
Community Bankshares Inc., the parent company of Community Bank & Trust, announced plans to consolidate four banking centers located in area supermarkets. The closings will result in the layoffs of 3% of the bank's employees, according to the Gainsville Times.
- Synovus Financial Corp. is cutting 200 jobs. According to the Ledger-Enquirer, 74 pink slips will be doled out in Columbus, Ohio, and about 50 cuts will be in Atlanta.
- There are numerous private equity firms that have announced layoffs, with the most recent being Fifth Street Capital. According to Erin Griffith of peHub, the firm laid off a "small handful" of its staff in late February. She also compiled a list of PE layoffs to date. For more information, see peHub's links:
Churchill Financial cut one-third of its employees.
Freeport Financial laid off most of its 23 employees.
Bank of Ireland laid off 10% of its staff, leaving it with 30 employees.
Orix Corp. shut down its Chicago office and consolidated much of its New York middle-market leveraged lending staff in Dallas.
NewStar Financial laid off a handful of originators who were working from their home offices in Chicago, South Carolina and San Diego.
National City laid off both originators and portfolio managers in Cleveland.
Madison Capital laid off 10% of its staff, or seven employees.
Dymas Capital laid off 10 staffers, leaving seven employees.
And of course, heads rolled at GE Capital.
It's rough out there, but there are jobs. Boutique firms such as Fennebresque & Co. are hiring. For the latest job postings, check out TheDeal.com's Career Center. Here is the job of the day:
Associate - New York (Aerospace/Defense) at Citigroup Inc. in New York
For a roundup of all the announced layoffs to date, check out The Deal's Pink slips on Wall Street Dealwatch or any of the links below. Also feel free to leave us any layoff tips or rumors you are hearing. - Maria Woehr
(Follow me on twitter or send me tips: @ newsgirlmw) Also see:
Finance Layoffs: UBS and MitsubishiFinance Layoffs: Stanford Financial, Pacific Capital and moreFinance Layoffs: UBS to cut 5,000Finance Layoffs: BofA, Regions, Fidelity and more
Finance Layoffs: Stanford Financial and moreFinance Layoffs: Stanford Financial, BofA and more
Finance Layoffs: Wells Fargo, HSBC and more
Finance Layoffs: Berkshire Hathaway and more
Finance Layoffs: J.P. Morgan, Bank of America and more
Finance Layoffs: Goldman, Merrill and Capital One
Finance Layoffs: RBS (LON:RBS), BofA (NYSE:BAC) and more
Finance Layoffs: Citi, BofA, Huntington and more
Finance Layoffs: Barclays, BofA and more
Layoff Watch: Morgan Stanley, DLA Piper and more
Finance Layoffs: UBS, Bank of America and more
Finance Layoffs: State Street, BofA and more
Finance Layoffs: Goldman, Morgan Stanley, BofA and more
Finance Layoffs: Northern Trust, First National Bank and others
Finance Layoffs: BofA, Comerica, State Street and more
Finance Layoffs: Cerberus, BofA, J.P. Morgan and more
Finance Layoffs: Wells Fargo, BOA, Barclays and more
Finance Layoffs: Bank of America, Fidelity, Carlyle and more
Pink slips on Wall Street
Finance Layoffs: Barclays, Sun Capital, Wells Fargo and more
Finance Layoffs: Barclays, Citadel, Bank of America and more
Finance Layoffs: Schwab, BOA, Northern Trust and more
Finance Layoffs: BlackRock, BOA, Blackstone and more
Finance Layoffs: UBS, Citadel, GE Antares and more
Bank Layoffs: Credit Suisse, State Street, Carlyle and more
Merrill Grinch: Layoffs and other bad tidings before Christmas
Bank layoffs: J.P. Morgan, Goldman Sachs, Standard Chartered and more
Layoff roundup: WaMu, Barclays and BoNY
The latest layoff roundup: Citigroup, J.P. Morgan, Nomura, Fidelity, HSBC and more
More bank layoffs announced
Another round of bank layoffs
Continue reading below
|
Those Synovus jobs are in Columbus, Georgia, not Ohio. That's where their corporate HQ is. They have no operations in Ohio.