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Institutional FX
Credit Suisse Delays Annual Report and Cuts Investment Banking Jobs
CS shares fell after the SEC call forced the lender to delay its report.
Additionally, the bank is cutting other investment banking jobs.
Thursday, 09/03/2023 | 12:05 GMT
by
Damian Chmiel
Institutional FX
JPMorgan Joins the Investment Banking Jobs Cuts Wagon
Goldman and Morgan Stanley previously announced similar moves in the region.
JPM wants to reduce 30 jobs, mainly in junior-level positions.
Tuesday, 21/02/2023 | 11:11 GMT
by
Damian Chmiel
CryptoCurrency
Crypto Platform Luno Sheds 35% of Workforce
Luno is a part of DCG, which is also reducing its current employment.
The company misjudged the level of industry slowdown during the crypto winter.
Thursday, 26/01/2023 | 09:06 GMT
by
Damian Chmiel
CryptoCurrency
Third Time's the Charm? Gemini Cuts its Workforce Once Again
Gemini cut jobs by 10% in June and then by 7% in July 2022.
The third round of layoffs comes when the crypto prices are strongly rebounding.
Tuesday, 24/01/2023 | 10:23 GMT
by
Damian Chmiel
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CryptoCurrency
ConsenSys Joins Crypto Layoffs with 11% Workforce Cut
The company will lay off 96 employees.
Many other companies in the crypto space have made similar decisions.
Thursday, 19/01/2023 | 10:10 GMT
by
Damian Chmiel
Institutional FX
Credit Suisse Starts Job Cuts, Goes after European Investment Bankers
Credit Suisse aims to cut 10% of its European investment banking staff, FT reveals.
In total, CS wants to reduce its workforce by 9,000.
Monday, 16/01/2023 | 12:17 GMT
by
Damian Chmiel
CryptoCurrency
Binance Hires When Coinbase Cuts Employment amidst Crypto Winter
Binance wants to increase its staff by another 30% in 2023.
Meanwhile, other major crypto exchanges are reducing employment.
Thursday, 12/01/2023 | 09:59 GMT
by
Damian Chmiel
Institutional FX
Goldman Sachs Joins Layoff Wagon, Wants to Cut 3,200 Jobs
According to previous reports, Goldman Sachs wanted to cut 4,000 jobs.
The layoffs come as an answer to worsening economic conditions.
Monday, 09/01/2023 | 09:30 GMT
by
Damian Chmiel
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Institutional FX
Goldman Sachs May Start New Year with 4,000 Job Cuts
Goldman Sachs considers cutting its workforce by 8%, according to Bloomberg.
The layoffs are expected to take place in the first half of January.
Thursday, 29/12/2022 | 08:58 GMT
by
Damian Chmiel
FinTech
Checkout.com Cuts Internal Valuation by $29bn
The payments company feels the current market blues.
Stripe and Instacart have also reduced their valuations recently.
Tuesday, 13/12/2022 | 13:22 GMT
by
Damian Chmiel
CryptoCurrency
Robinhood Cuts Its Workforce by 23% Due to ‘Deterioration of the Macro Environment'
Approximately 780 employees will be laid off.
The anti-money laundering team will remain intact.
Wednesday, 03/08/2022 | 10:55 GMT
by
Matti Williamson
Brokers
Nomura to Lay Off 100 Employees in its European Business
The firm is also planning to downscale is G10 FX, emerging markets and flow credit business.
Thursday, 04/04/2019 | 12:40 GMT
by
Celeste Skinner
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Institutional FX
Exclusive: Nomura Part Ways With ex-Global Head of FX Trading Nigel Khakoo
Finance Magnates understands that the former Global Head of FX Trading was amongst the 50 traders who lost their jobs yesterday
Wednesday, 04/07/2018 | 15:48 GMT
by
David Kimberley
Prime Brokerage
Deutsche Bank Takes Aim at Equities Segment, Cutting 7,000 Jobs
Will the fresh cuts under a new CEO finally score a rebound for Deutsche Bank?
Thursday, 24/05/2018 | 08:10 GMT
by
Jeff Patterson
Prime Brokerage
Deutsche Bank Taps Christian Sewing as CEO, Replacing John Cryan
Christian Sewing will take over as the CEO of Deutsche Bank following three straight annual losses
Monday, 09/04/2018 | 08:16 GMT
by
Jeff Patterson
Prime Brokerage
Deutsche Bank Initiates Layoffs in Cost-Cutting Effort
The German lender's job cuts will include at least 250 employees globally.
Tuesday, 20/02/2018 | 08:08 GMT
by
Finance Magnates Staff
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Prime Brokerage
Credit Suisse Incurs $1.05b Yearly Loss Due to US Tax Writedown
The lender has proposed a reduced dividend given a one-time tax writedown of $2.47 billion in 2017
Wednesday, 14/02/2018 | 09:04 GMT
by
Jeff Patterson
Prime Brokerage
Deutsche Bank Sees Annual Loss Amidst US Tax Reform, Market Challenges
US tax reform caused a massive non-cash tax charge of €1.4 billion that sunk the group's yearly profits.
Friday, 02/02/2018 | 09:16 GMT
by
Jeff Patterson
Prime Brokerage
Fears of Mass Brexit Relocation Falling Short of Reality
Current estimates of job relocations have fallen to around 5,000.
Wednesday, 13/12/2017 | 06:56 GMT
by
Jeff Patterson
Executive Moves
SIX’s Jürg Weber to Relinquish Role as Division CEO, Payments Services
Marc Schluep will take over as the new Division CEO at the end of the month, replacing Weber.
Monday, 20/11/2017 | 12:10 GMT
by
Jeff Patterson
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Prime Brokerage
Mizuho to Slash Global Workforce by 24% Over Next Decade
The lender is portending upwards of 19,000 job losses in its latest cost-cutting strategy.
Tuesday, 14/11/2017 | 13:34 GMT
by
Jeff Patterson
Prime Brokerage
Deutsche Bank's CEO Cryan on the Hot Seat as Investor Patience Wanes
Key investors have opened the door to a potential replacement as early as May 2018.
Tuesday, 10/10/2017 | 06:38 GMT
by
Jeff Patterson
Prime Brokerage
Deutsche Bank’s Cryan Sees Robots Replacing Large Number of Personnel
Could a robot really do your job?
Thursday, 07/09/2017 | 10:01 GMT
by
Jeff Patterson
Prime Brokerage
Countdown to January: the Double-Edged Sword of MiFID II
Increased transparency and new regulations could come at a cost.
Tuesday, 22/08/2017 | 09:43 GMT
by
Jeff Patterson
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Brokers
ADS Securities London Sees Losses Decline in FY 2016, Revenues Rebound
Losses fell by 42 percent in 2016, following large staff cuts and other internal measures.
Wednesday, 02/08/2017 | 12:26 GMT
by
Jeff Patterson
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