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Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
9.8.2019
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup...
Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
9.7.2019
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly...
IBM’s Blockchain Division Largely Unscathed After Layoffs of 1,700: Report
20.6.2019
Only a handful of this month’s 1,700 job losses at IBM affected its blockchain division, according to a report
Crypto Startup Circle Lays Off 30 Employees Citing Market, Regulatory Conditions
21.5.2019
Circle is laying off roughly 30 people, CoinDesk has learned