U.S. banks and financial service companies with banking operations are cutting tens of thousands of jobs.
Some have said they are reducing staffing to lower their costs. Others are doing so because interest rate changes have made it more difficult to profit from lending.
Still others are reacting to tightening credit conditions, especially for mortgage lending operations.
Challenger, Gray & Christmas Inc, the consulting firm, said in August the U.S. financial industry had announced 87,962 job cuts this year, 75 percent more than in all of 2006. It said 35,830, or 41 percent, relate to housing market problems.
The following are some companies that have announced job cuts this year or are otherwise reducing staffing: