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Published June 2, 2009 at 10:43 AM
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There is more layoff news for bankers and lawyers Tuesday morning. The latest reports and rumors are at Citigroup Inc. (NYSE:C), Troika Dialog and law firm Weil, Gotshal & Manges LLP.
- Citigroup is selling its Italian private banking operations and headquarters to Spain's Banco Santander SA (NYSE:STD). The unit has 27 employees. A report in Il Sole 24 Ore business newspaper also said the bank would sell its Italian credit card unit and close the consumer credit operations, according to Reuters.
- Weil Gotshal has laid off 79 staffers, according to Above The Law.
- Troika Dialog, a Moscow-based financial group, is reducing its head count by around 30%, according to The Wall Street Journal. A Troika spokeswoman clarified that in January it had reported a 25% staff reduction since an annual review in November, and this increased to 30% after an April review.
It's a tough employment market for financial professionals, but there are jobs. Citigroup and Bank of America (NYSE:BAC) are hiring in their prime brokerage units. Here's our pick of the day from The Deal's Career Channel:
Vice President - Natural Resources/Oil & Gas - New York at Macquarie
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 Finance Layoffs: ING and RBSFinance Layoffs: TD Bank and OceanFirstFinance Layoffs: Barclays, Pequot Capital and moreFinance Layoffs: BMO, Sovereign and moreFinance Layoffs: Lloyds and KeyCorpFinance Layoffs: MassMutual lays off 58Finance Layoffs: Capital One and more Finance Layoffs: Lloyds, ABN Amro and moreFinance Layoffs: AmEx, Genworth and moreFinance Layoffs: Sovereign and BlackRockFinance Layoffs: J.P. Morgan and othersFinance Layoffs: MassMutual, ING and moreLaw Layoffs: Day Pitney, Willkie Farr and moreFinance Layoffs: Principal Financial and Citizens BankFinance Layoffs: AIG and Westpac BankingFinance Layoffs: Capital One, PNC and J.P. MorganFinance Layoffs: Wells Fargo, GE Money and moreFinance Layoffs: IndyMac and moreFinance Layoffs: Santander's Sovereign and moreFinance Layoffs: Sovereign, Lloyds and more Finance Layoffs: Bank of Montreal and more Finance Layoffs: BearingPoint and more Finance Layoffs: Deutsche Bank, BofA and more Finance Layoffs: Amex, HSBC, Legg Mason and more Finance Layoffs: HSBC, Nomura and more Finance Layoffs: Wells Fargo cuts 150 i-bankers Finance Layoffs: Lloyds, BofA, Capital One and more Finance Layoffs: UBS, T. Rowe and Sovereign
Finance Layoffs: HSBC, Downey Savings and more Finance Layoffs: J.P. Morgan, MassMutual and more Finance Layoffs: UBS, Hypo and more Finance Layoffs: Wells Fargo, Citi and more Finance Layoffs: UBS and MassMutual Finance Layoffs: UBS and J.P. Morgan Finance Layoffs: UBS, HSBC and more Finance Layoffs: AIG, Nat City and J.P. Morgan Finance Layoffs: Citizens, J.P. Morgan and more Finance Layoffs: RBS, BofA and HSBC Finance Layoffs: Law firm pink slips Finance Layoffs: RBS, Unitas Capital and more Finance Layoffs: Swiss Re, BofA and more Finance Layoffs: UBS, J.P. Morgan and more Finance Layoffs: Societe Generale, BoA and more Finance Layoffs: Wells Fargo, HSBC and more Finance Layoffs: UBS and Mitsubishi Finance Layoffs: Stanford Financial, Pacific Capital and more Finance Layoffs: UBS to cut 5,000 Finance Layoffs: BofA, Regions, Fidelity and more Finance Layoffs: Stanford Financial and more Finance Layoffs: Stanford Financial, BofA and more Finance Layoffs: Wells Fargo, HSBC and more Finance Layoffs: Berkshire Hathaway 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 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
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