Bloodbath at European Banks: Thousands of Jobs Cuts Expected…

New management teams at Deutsche Bank AG, Barclays Plc and Standard Chartered Plc are among executives contemplating reorganizations that could involve thousands of job reductions. Deutsche Bank, which runs Europe’s biggest investment bank, may trim 8,000 positions across its businesses, a person familiar with the matter said this week.

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Greece rocked by reports of secret plan to raid banks...

(The Guardian UK)  Some members of Greece’s leftist-led government wanted to raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma, according to reports that highlighted the chaos in the ruling Syriza party.

It is not clear how seriously the government considered the plans, attributed to former energy minister Panagiotis Lafazanis and ex-finance minister Yanis Varoufakis. Lafazanis was sacked from his post and Varoufakis resigned earlier this month. However, the revelations have been seized on by opposition parties who are demanding an explanation.

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Robots pursue banking careers in San Francisco (video)

Robots have enjoyed phenomenal success on the nation's factory floors. Now they've got their eye on banking.

Sterling Bank & Trust has "hired" two robots as greeters at the bank's new locations opening in Cupertino and Alhambra, in the Los Angeles area. As part of their training, the two robots have made appearances at the bank's San Francisco branches.

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Bank Bloodbath: HSBC To Shed 50,000 Jobs!


In the bank's second big overhaul since the financial crisis it will speed up a cull of unprofitable units and countries by cutting almost 50,000 jobs - half of them from selling businesses in Brazil and Turkey.

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More Mysterious Banker Deaths???

In a continuing, unsettling pattern, three more stories came to light of bankers meeting their death. The executive of American Express died mysteriously on an international flight while another jumped off the 24th floor of his apartment building in an apparent drug-induced suicide. Another story released this week detailed a Goldman Sachs employee found dead in her car in April. They join a growing list of bankers whose lives have ended prematurely.

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Another Young Wall Street Banker Commits Suicide...

An investment banker jumped to his death from the window of his million-dollar apartment in the Financial District on Thursday, sources and authorities said.

The 29-year-old man plunged from the 24th floor of the luxury Ocean apartment building at 1 West St. at about 10:40 a.m. and landed on a guardrail near the northbound Battery Park Underpass, narrowly missing a black SUV.

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JPMorgan Chase expected to cut 5,000+ jobs by next year

JPMorgan Chase has started job cuts slated to total more than 5,000 by next year as it looks to trim expenses, The Wall Street Journal reported Thursday, citing sources.

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European Central Bank President Mario Draghi Attacked by Protester


Time Banking: An Alternative Money System

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Wall Street Pays Bankers to Work in Government and It Doesn't Want Anyone to Know


An AFL-CIO investigation revealed a common Wall St practice of offering its top executives fat bonuses if they land a job in government. An AFL-CIO petition asks for a list of people who are eligible for such payments, but Citigroup has responded that this is private information.

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