12-Sep-2011 06:47 Bank

Rate Cuts Loom Amidst Soft Employment Data :: The Reserve Bank of Australia could cut its key interest rate after the unexpected soft employment data release today, according to economists.
url: http://www.ibtimes.com/articles/210852/20110908/rate-cuts-loom-amidst-soft-employment-data.htm

VIDEO: Miliband: 'Banks still not mended ways' :: Trade unions have urged the government not to be swayed by pressure from the big banks ahead of the publication on Monday of a report into banking reform.
url: http://www.bbc.co.uk/go/rss/int/news/-/news/business-14870209

Bank of America Layoffs: Recession-Plagued California to Get Hit Especially Hard :: The Golden State, which is already reeling under a 12 percent unemployment rate, has 45,000 BofA employees – representing about one-sixth of the company's total workforce.
url: http://www.ibtimes.com/articles/211735/20110910/bank-of-america-moynihan-layoffs-california-branches.htm

Bank of America Layoffs: Workers Lose Jobs as Industry Rapidly Streamlines :: Moynihan stated: "It's time to simplify the organization, streamline the organization.
url: http://www.ibtimes.com/articles/211652/20110910/bank-of-american-layoffs-profits-banks-moynihan-hsbc.htm

Banks lead global share declines :: US and European shares fall as concerns continue about the strength of the economy, with banking shares most seriously affected.
url: http://www.bbc.co.uk/go/rss/int/news/-/news/business-14852010

Bank of America Layoffs: Among the Biggest Job Culls of Recent History :: In the event the Bank actually follows through with this huge elimination, it would represent one of the biggest job culls in recent corporate history.
url: http://www.ibtimes.com/articles/211401/20110909/bank-of-america-layoffs-cisco-moynihan-ibm-citibank.htm

Scotiabank buys into Guangzhou Bank for C$719 million :: Bank of Nova Scotia (BNS.TO) said on Friday it will buy a near 20 percent stake in Bank of Guangzhou for about C$719 million ($722 million) to expand its footprint in China, becoming the latest foreign bank to invest in a Chinese bank before the bank does an IPO.
url: http://www.ibtimes.com/articles/211378/20110909/scotiabank-buys-into-guangzhou-bank-for-c-719-million.htm

Chief economist resigns from ECB :: European Central Bank's chief economist, Juergen Stark, resigns amid reports about disagreements over its bond buying policy.
url: http://www.bbc.co.uk/go/rss/int/news/-/news/business-14858155

Bank of America Layoffs: The Industry Bloodbath Continues :: Major global banks have been jettisoning workers en masse for the past few months – the brutal manifestation of a grim new economic landscape.
url: http://www.ibtimes.com/articles/211350/20110909/bank-of-america-layoffs-global-hsbc-job-losses.htm