Sunday

11th Dec 2016

Ticker

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.

News in Brief

  1. Council of Europe critical of Turkey emergency laws
  2. Italian opposition presses for anti-euro referendum
  3. Danish MP wants warning shots fired to deter migrants
  4. Defected Turkish officers to remain in Greece
  5. Most child asylum seekers are adults, says Denmark
  6. No school for children of 'illegal' migrants, says Le Pen
  7. Ombudsman slams EU Commission on tobacco lobbying
  8. McDonald's moves fiscal HQ to UK following tax probe

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