The Deal
Wednesday, November 25, 
10:43 am

Finance Layoffs: Bahama drama

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pinkslips_transparent_125x100.gifNot all is calm in paradise. The Bahamas Financial Services Union is predicting that the financial sector is getting ready to lay off more workers. Last week, 12 line staff and 12 managers at the local Ansbacher Bank were let go as a part of restructuring, the Bahama Journal reports.
 
Clusterstock on Tuesday said that rumor has it Merrill Lynch will be laying off 10% of its private client staff; however Selena Morris, a spokeswoman for Bank of America Corp. (NYSE:BAC), tells The Deal that that is absolutely not true. (Remember, though, in December the bank announced it would eliminate approximately 30,000 to 35,000 positions over the next three years.)

And in a little blip that could easily go unnoticed, The Wall Street Journal reports that Morgan Stanley (NYSE:MS) has been hiring analysts in technology and healthcare, and plans to expand in financial services. On Monday, the Wall Street firm hired Adam Frisch as managing director and senior analyst to cover information technology services.

Also, check our job opening pick of the day from The Deal's Career Channel:

IA Market Risk - Vice President-Executive Director at Morgan Stanley

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. - Sara Behunek

See Also:
Finance Layoffs: BofA, Citi wield axe
Finance Layoffs: Hartford Financial and more
Finance Layoffs: Unemployment data
Finance Layoffs: Harley-Davidson Financial
Finance Layoffs: Citigroup to lay off 500
Finance Layoffs: Lloyds and Beverly National
Finance Layoffs: GE Capital to lay off 127

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