by Maria Woehr | Published March 1, 2010 at 1:28 PM
Here is the latest roundup of financial institutions rumored and reported to be laying off.
Flagstar Bank laid off 50 employees in Jackson, Mich., according to the Jackson Citizen Patriot.
American International Group Inc. (NYSE:AIG) cut 20,000 jobs in 2009, according to BusinessWeek.
Two banks failed over the weekend. Those banks are Rainier Pacific Bank in Tacoma, Wash., and Carson River Community Bank in Carson City, Nev., according to the FDIC. Rainier Pacific Bank will likely be liquidated, and Carson will reopen as a Heritage Bank of Nevada. No word on how many layoffs will occur.
If you are searching for a job, don't fret. There are institutions like Cantor Fitzgerald & Co. that are hiring. Cantor is searching for nine people for its debt advisory unit in London, according to BusinessWeek. Also, check out our latest look at Finance Hirings featuring our job opening pick of the day:
For more hiring announcements, check out The Deal's Career Channel or Movers & shakers. Also feel free to leave hiring or layoff tips below. - Maria Woehr
Ken deRegt will retire as head of fixed income at Morgan Stanley and be replaced by Michael Heaney and Robert Rooney. For other updates launch today's Movers & shakers slideshow.
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