Job CutsRSS

UniCredit to cut 14,000 jobs

Italy

Italy’s largest bank UniCredit plans to raise €13 billion and axe 14,000 jobs over the next two years as it looks to get its finances in order. Along with the job cuts, which amount to about 11% of its workforce, UniCredit will shut down about 25% of its 3,800 branches. It also aims to use […]

National Bank of Canada axes 600 jobs

National Bank of Canada

The National Bank of Canada will cut 600 jobs as part of its restructuring plans and take a charge of $175 million in Q4. The charge includes severance payments to employees and the expense of moving premises. The bank says the restructuring will bring $120 million in annual savings. As of July this year, it […]

Top fintech stories this week – 21 October 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Bank of Ireland in major tech revamp EXCLUSIVE. Accenture and Capgemini working on Project Omega. Trouble in the R3 paradise? Thinking about time and money. Millions at risk from India ATM hack Debit cards in danger due to […]

ING axes 7,000 jobs in digital banking drive

ING logo

Dutch bank ING is cutting 7,000 jobs as its push to digital banking goes full throttle. In its strategy update “Accelerating Think Forward”, CEO Ralph Hamers and other executives will introduce a number of initiatives – such as investing €800 million in digital transformation from 2016 to 2021. The bank says its programmes will also […]

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