24th Oct 2016


European banks slashing jobs

Dutch-based bank ING is to cut 5,800 jobs to focus on online banking. It follows Germany’s Commerzbank, which last week said it would cut 9,600 jobs, and Spain’s Banco Popular Espanol, which announced in September that 3,000 jobs would go. The European banking sector has been weakened by low interest rates and debts.

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