| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
 Bad news for bankers this Monday. The latest reports and rumors of layoffs at financial institutions are at Wells Fargo & Co. (NYSE:WFC) and Advanta Corp. Wells Fargo has finally integrated boutique investment bank Barrington Associates, which it acquired in 2006. The firm laid off 15 bankers and 10 support staff, and the bank may announce more layoffs. Wells Fargo is shutting down the firm's satellite offices in Newport Beach, Calif., San Francisco and Boston, according to the Los Angeles Business Journal. Advanta is chopping its workforce in half, laying off 200 employees after cutting off customer credit accounts, according to Bloomberg. A lot of law firms have also been making layoffs as well. Eckert Seamans Cherin & Mellot LLC and Hogan & Hartson LLP are a couple that had major layoffs last week, according to JD Journal. It's a tough employment market for financial professionals, but there are jobs as companies are hiring. In fact, Societe Generale SA is hiring 40 bankers. Here's our pick of the day from The Deal's Career Channel: 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 @newsgirlmw Also see: Finance Layoffs: Colonial, DLA Piper and more Finance Layoffs: Wells Fargo, Stanford and more Finance Layoffs: 467K jobs lost Finance Layoffs: Wells Fargo and more Finance Layoffs: Lloyds, GE Capital and more Finance Layoffs: HSBC, LSE and more Finance Layoffs: Jobless claims rise Finance Layoffs: Barclays and more
 Deal Video
    Community
 Elsewhere on The Deal.comDealwatch
The Deal MagazineCorporate Dealmaker
The Deal VideoCategories
Blog roll
Archives
| |||||||||||||||||||||||||
|
|
|
|
|
