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Saturday, November 21, 
1:20 pm

Finance Layoffs: BMO, Sovereign and more

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pinkslips_transparent_125x100.gifMore bad news for bankers this Wednesday. The latest banks to announce layoffs include Bank of Montreal Financial Group (NYSE:BMO), Sovereign Bank (NYSE:SOV) and Harris Bankcorp.

  • Sovereign Bank will lay off another 81 full-time employees in its motor vehicle financing unit in July, according to the Hartford Courant.


  • Subsidiary of BMO, Harris Bankcorp Inc., is cutting about 60 management positions as part of the layoffs its parent is conducting, according to Chicago Business.

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 or hiring rumors you are hearing. - Maria Woehr

(Follow me on twitter or send me tips: @newsgirlmw)

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