Finance Layoffs: Ulster Bank, Bank of New York Mellon

Bad news for bankers Monday morning. The latest banks to announce layoffs are Ulster Bank and the Bank of New York Mellon (NYSE:BK).
 
Ulster Bank announced plans for "250 voluntary redundancies" in capital and corporate markets, credit risk, communications and corporate services, and the finance department at the company headquarters in Dublin. The layoffs are in addition to the 750 layoffs from the closure of Ulster Bank's First Active branches, according to The Sunday Business Post online.

Meanwhile, the Bank of New York Mellon is shutting down its Collateralized Debt Obligation Unit in New York. "Layoffs will occur in phases: 30 employees to be laid off on Oct. 19, 10 employees on Nov. 16 and the rest on the closing of the unit on Dec. 21," according to CoStar Group.

Even though several financial institutions are laying off employees, several are also hiring. Check our job opening pick of the day from The Deal's Career Channel:

Investment Banking Associate 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 at @newsgirlmw

For more see:

Finance Layoffs: AIG, Wells Fargo and more

Hiring: Goldman Sachs, Fifth Third, Wells Fargo

Hiring: Lazard, BofA and more

Hiring: Barclays is hiring 1,000

Finance Layoffs: Bank of America and Metropolitan 

Hiring: Standard Chartered is hiring 300

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