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Layoffs At Big Banks: A Tally

A look at job cuts announced in recent weeks by U.S. banks:

  • Citigroup said Friday it is reducing its workforce by another 9,000, after announcing 4,200 job cuts in January.
  • Merrill Lynch , the world's largest brokerage, on Thursday said it would cut 3,000 jobs in addition to the 1,000 jobs previously announced.
  • JPMorgan Chase said Wednesday there would be staff reductions at both JPMorgan and Bear Stearns as JPMorgan completes its acquisition of the investment bank, but would not specify how many. Bear Stearns has already eliminated about 2,000 jobs since last year.
  • Washington Mutual said on April 8 that it plans to lay off about 3,000 workers.
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Banks

  • There's been a tremendous increase in the states getting involved in areas of regulations they did not usually get involved in before, says Eric Dinallo, Debevoise & Plimpton LLP partner, discussing banking regulations.

  • An investor is suing Barclays over losses suffered after New York's attorney general accused the bank of lying about its electronic trading platform.

  • Over 2,000 years since the the Hippocratic Oath was introduced there are calls for bankers to follow suit, in an effort to prevent another crisis.