NEWS - Careers


	Study Shows Pay Frozen in 92 Percent of London Finance Jobs 05-22-12 - A new study from a financial services recruiting firm shows 92 percent of investment banking-related finance jobs in London experienced pay freezes over the past year, Reuters reports. The study, conducted by Astbury Marsden, examined more than 140 investment banking... Read more...
	Capital One Slashes Finance Jobs from New Credit Card Business 05-21-12 - After finalizing its acquisition of HSBC's U.S. credit card business, Capital One recently announced the elimination of approximately 1,000 finance jobs as part of an integration of the new business. According to MSN Money, most of the job cuts came from the HSBC... Read more...
	JPMorgan to Reportedly Cut Finance Jobs in London 05-18-12 - JPMorgan Chase & Co., which recently reported a $2 billion trading loss, is reportedly expected to eliminate 20 finance jobs from its investment banking unit in London on weakening market conditions, a source told Bloomberg News. According to the news source, the... Read more...
	Credit Suisse to Eliminate 126 Manhattan Finance Jobs 05-17-12 - Swiss bank Credit Suisse Group AG recently told state regulators in New York that it plans to eliminate 126 finance jobs in Manhattan over the next few months, the latest round of cuts being made by the financial institution. According to Bloomberg, the layoffs will... Read more...
	French Banks Plan to Slash Thousands of Finance Jobs 05-16-12 - Keeping with the recent trend seen across Europe, banks in France plan to cut thousands more finance jobs with the arrival of a new president likely paving the way for new regulations, Reuters reports. According to the news source, Societe Generale, BNP Paribas and... Read more...
	TD Bank Plans to Slash 200 Jobs 05-10-12 - TD Bank, which recently announced plans to create 90 new finance jobs in seven counties throughout Connecticut, will reportedly eliminate 200 positions at a customer call center in western Massachusetts. According to the Boston Globe, workers were told at a recent... Read more...
	German Airline Appoints First Female CFO 05-09-12 - Deutsche Lufthansa is the first major German company to appoint a woman as chief financial officer. The airline announced that Simone Menne will take over as CFO on July 1. The announcement came just prior to a shareholder meeting where the appointment is expected to... Read more...
	Philip Morris CFO to Step Down 05-08-12 - The chief financial officer of Philip Morris will retire this summer, kicking off a round of executive reorganization for the tobacco company. Hermann Waldemar will retire in July. He became the CFO in 2005, ushering the company through its 2008 spin-off from Altria... Read more...
	U.S. Employers Add 115,000 Jobs as Unemployment Slips to 8.1 Percent 05-07-12 - Job growth in the U.S. was weaker than anticipated in April as employers added only 115,000 positions while the unemployment rate decreased slightly to 8.1 percent, according to the Bureau of Labor Statistics. The numbers were generally regarded as a disappointment... Read more...
	Yum Brands Promotes CFO to President Role 05-03-12 - Yum! Brands Inc., which operates fast food chains KFC, Taco Bell and Pizza Hut, recently announced the promotion of its chief financial officer to the position of president, according to a release from the company. CFO Rick Carucci, who has served in that role since... Read more...
	Survey Shows Slow Job Growth 05-03-12 - A new survey is providing cautionary signs ahead of the government job report due out Friday. Payroll provider ADP stated that companies added just 119,000 jobs in April. This jobs figure shows a drastic slowdown in hiring. Companies added 201,000 jobs in March. The... Read more...
	Bank of America to Cut 300 Finance Jobs at Montag Units 05-02-12 - Bank of America Corp. is reportedly planning to slash more than 300 finance jobs from its corporate and investment bank and trading units run by Thomas K. Montag, a source with knowledge of the situation told Bloomberg. The news source reports Bank of America will... Read more...
	H&R Block Cuts Jobs, Reorganizes Management 04-27-12 - H&R block is cutting jobs following a poor 2012 tax season. The country's largest tax preparer announced that it will cut 350 jobs and close around 200 underperforming stores. The head of the company's retail tax services division, Phil Mazzini, stepped... Read more...
	Mark Powers Appointed New CFO of JetBlue 04-27-12 - JetBlue Airways announced on April 26 that Mark Powers had been named the company's new chief financial officer after serving as the interim CFO since October 2011. Powers will work under the airline's current president Dave Barger, and will head finance on... Read more...
	Australian Finance Industry Experiencing Considerable Job Losses 04-24-12 - The financial sector in Australia has witnessed the loss of more than 3,000 finance jobs so far in 2012 amid a series of cutbacks that will critically impact the industry for years, Dow Jones Newswires reports. According to the news source, the National Secretary of... Read more...