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Credit Suisse to cut 650 investment banking jobs (Reuters via Yahoo! News)
Credit Suisse AG is cutting 650 jobs, mainly in investment banking, it said on Tuesday.

UAE banking sector likely to see slower growth next year (MENAFN)
UAE banking sector likely to see slower growth next year

Goldman Gets N.Y. Banking License (New York Times)
Goldman Sachs won approval for a New York State banking license to transform into a bank holding company and take deposits.

Fitch Affirms Chuo Mitsui Trust & Banking Company at 'A-' (Thaipr.net)
Fitch Ratings has today affirmed Chuo Mitsui Trust & Banking Company's (CM) ratings as follows: Long-term foreign and local currency Issuer Default Ratings (IDRs): 'A-' (A minus), Outlook Stable Short

Banking system in pink, says Central Bank of Oman (MENAFN)
Banking system in pink, says Central Bank of Oman

Citigroup to Sell Japan Trust Banking Unit, Report Says (New York Times)
Citigroup plans to sell its Japanese trust banking unit as the ailing U.S. banking giant struggles to survive the global financial crisis, according to the Nikkei.

(AFX UK Focus) 2008-12-02 07:35 UPDATE 1-Credit Suisse to cut 650 investment banking jobs (Interactive Investor)
ZURICH, Dec 2 (Reuters) - Credit Suisse AG is cutting 650 jobs, mainly in investment banking, it said on Tuesday. A spokesman for the Swiss-based bank said an announcement on the cuts had been made to its staff on Monday but declined to give any further details. The cuts are the latest in a wave of job losses in the financial sector in which around 90,000 jobs have been axed since September. The ...

Banking system in pink: CBO (Zawya)
Muscat - Oman's monetary and banking system remained largely insulated from the global economic turmoil witnessed during the months of September and October 2008, the Central Bank of Oman (CBO) said yesterday.

Banking stocks under pressure (The Hindu)
MUMBAI: Banking stocks barometer of the Bombay Stock Exchange Bankex fell by over 4 per cent to 4,285.11 points in morning trade on Tuesday amid heavy selling.

Credit Suisse to axe 650 investment banking jobs (Money Marketing Online)
Credit Suisse has announced plans to cut 650 jobs from its investment banking division in the UK as it looks to stave off the effects of the credit crunch. ...

 

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