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Published May 29, 2009 at 9:44 AM
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There are rumors of more possible layoffs in the banking industry Friday. The latest layoff reports and rumors are at Toronto-Dominion Bank (NYSE:TD) and OceanFirst Financial Corp. (NASDAQ:OCFC).
- OceanFirst Financial, which bought Central Jersey Bancorp this week, will chop operating expenses by 35%, meaning layoffs are expected, according to Asbury Park Press, a central New Jersey newspaper.
- Toronto-Dominion Bank plans to terminate some mutual funds: TD Income Trust Capital Yield Fund, TD Private Income Trust Fund and TD Income Trust Pool, according to Reuters. No word on how many employees might be laid off.
It's a tough employment market for financial professionals, but there are jobs. At the moment, Barclays Capital is looking for 750 in equities and M&A advisory, and here's our pick of the day from The Deal's Career Channel:
Executive Director, Investment Banking at Morgan Stanley 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 or hiring rumors you are hearing. - Maria Woehr
(Follow me on twitter or send me tips: @newsgirlmw)
Also see:
Pink slips on Wall Street
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