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Commerzbank to buy Dresdner, axe 9,000 jobs (Reuters via Yahoo! News) Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in a $14.5 billion all-German deal that will break the country's banking mould and cost 9,000 jobs. Bank Notes | (The Charlotte Observer) Wachovia hires new head for fixed-income unit Wachovia Corp. on Thursday said it hired a former Bear Stearns Cos. executive to lead the fixed-income unit in its corporate and investment bank. Craig Overlander will start Sept. 15, reporting to Ben Williams, head of global markets and investment banking. He will be based jointly in New York and Charlotte. Overlander replaces Curtis Arledge, a ... Asian markets tumble on Wall Street's plunge (Nasdaq) (RTTNews) - The stock markets across the Asia-Pacific region were trading sharply lower on Friday, extending losses for a fifth day, after Wall Street plunged overnight on disappointing jobs reports and sluggish retail sales data. Work Begins on W. Main Street Project (R News) Those living and doing business on Rochester's West Main Street are banking on new sidewalks and infrastructure to help revitalize that neighborhood. Mayor Bob Duffy helped neighborhood leaders cut the ribbon on the West Main Street project Thursday. Mitsubishi UFJ Cuts Jobs in London as Subprime Damps Earnings (Bloomberg.com) Sept. 4 (Bloomberg) -- Mitsubishi UFJ Financial Group Inc., Japan's largest bank by market value, said it is cutting as many as 90 jobs in London at its U.K. brokerage unit. China, India travel, consumer, investment, banking, outsourcing, trade news (cmi santiago) How could a Chinese and Indian century affect global politics, wealth, jobs, and life? explore vast finance, trade, investment and business opportunities in China and India from a leading strategist George Zhibin Gu. (AFX UK Focus) 2008-09-04 04:25 Tokyo shares end morning lower on caution ahead of U.S. jobs data - UPDATE (Interactive Investor) TOKYO (Thomson Financial) - Japanese shares ended the morning session lower on Thursday, with investors taking a cautious stance ahead of the release of U.S. jobs market data amid a gloomy outlook for the global economy. Jobs to go as RBS absorbs ABN Amro (Daily Telegraph) ROYAL Bank of Scotland Group will integrate its locally owned ABN Amro Australia business into its domestic operations after plans to sell the ABN unit were scrapped. Group to cut 90 London jobs as profits take subprime crisis hit (The Japan Times) Mitsubishi UFJ Financial Group Inc. said Thursday it is cutting as many as 90 jobs in London at its U.K. brokerage unit. "Earnings at the U.K. unit have been hurt as they've been affected by the subprime crisis," said Hiroshi Kutose, a spokesman in Tokyo for Mitsubishi UFJ Securities. Between 80 and 90 jobs will be cut, he said, without naming individuals. Read the full story ... Unemployment insurers see City jobs as too risky (Financial Times) Thousands of City workers are now being denied unemployment cover or facing premium increases of up to 200 per cent on new policies, as insurers limit their exposure to the troubled finance sector. |
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