Whether you think it is good strategy or a huge hole in security, banks are cutting IT workers. Among the gruesome numbers to come out of the financial crisis are the ones hitting corporate IT, especially at major banks. In a recent round of cuts, 650 IT jobs will go at Credit Suisse, 500 at HSBC and up to 1,800 at Barclays. Many are also slashing their spending with contractors. Goldman Sachs and Citigroup, for example, have demanded that contractors accept a 15% cut in daily rates, while HBOS and Barclays made take-it-or-leave-it offers of 10% reductions.
Hi, I'm Jen and I'm here to help. Submit your complaint here or get help here
This article, IT workers go as banks cut, is just one of our articles from our Mortgage Crisis Daily
The Subprime Mortgage Crisis Before, During, and After
Mortgage Crisis Daily monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
We use Thomson Reuters News Service Calais in all production material but are not associated with Thomson Reuters, banks, or financial institutions in any way.
One Trackback
[...] by Joe Manausa on February 10, 2009 Foreclosures-In-Waiting – irvinehousingblog.com 02/10/2009 Less than 5% of homes offered for sale as short-sales end up as bank-approved transactions. Most end up going to foreclosure … from these strange short-sale listings. Just as minors used to keep canaries in the coal mine to warn them of gas buildup and potentially lethal explosions, our real estate market has short sale listings THE DISADVANTAGES OF SELLING YOUR HOME ALL BY YOURSELF – affiliatemarket.me 02/10/2009 by Ras Reed The reason because a little people cite to sell their homes alone but the subsidy of a genuine estate representative or attorney is to … with the report which your home is for sale. A genuine estate attorney is lerned to daub in to the network … with the offered technique you employ. Also, operative alone in the sale of your home can Are You on the Edge of a Dunedin Short Sale? – pinellaspeach.com 02/10/2009 When you’re on the edge of being upside down on your Dunedin home, … for these two sure-to-fail options: 1) Attempt to sell a Dunedin FSBO (For Sale By Owner) to save … offers less). Sure, you might sleep well for a few nights beleiving you saved $1500 or so on the sale Debt Collection Rules – mikecandoit.com 02/10/2009 http://farm2.static.flickr.com/1169/529014948_e6a31beb81_m.jpgSince I have begun working more and more on short sale listings I have heard some shady practices by debt collectors. Here are some rulesthat debt collectors have to live by:They may not call IT workers go as banks cut – mortgageblues.us 02/09/2009 Whether you think it is good strategy or a huge hole in security, banks are cutting IT workers … ViewsRelated PostsLast in – first out or fire the weakest – layoffs continueNaked short sale emergency How To Get Your Short Sale Offer Accepted – burbankmarketreport.com 02/09/2009 Image by Getty Images via Daylife When a listing is listed as a short sale it does not necessarily mean it’s a short sale … . What this tells you is that the listing agent and seller hope that the bank will accept an offer on the property. When it says that the bank has approved a short … Short Sale Training – Negotiating a Second Mortgage – ethicalforeclosurefortunes.com 02/09/2009 http://www.SixFigureShortSales.com In this quick example, Greg shows how you can get the 1st mortgage to pay the second mortgage up to ,000 as a total payoff, rather than their usual ,000. 5.0bd/3.0ba, 2497sqft – Phoenix AZ – Phoenix, AZ – properties-investments.com 02/09/2009 LENDER OWNED NOT A SHORT SALE QUICK RESPONSE FROM SELLER Split bedroom floor plan. Brick fireplace and vaulted ceilings in the Family Room. Formal Living and Dining Room. Open Kitchen with an island Countrywide Frustrations | Short Sale Assistance – shortsaleblogger.com 02/09/2009 From a ShortSaleBlogger email: Hi Dave, I have done several short sales in the past but I just got my first one with Countrywide. Six weeks ago I submitted all the correct paperwork with a good Why Some Short Sales Don’t Sell: Top 7 Short Sale Mistakes – homebuying.about.com 02/09/2009 If months have gone by without showings and no offer has materialized on your short sale listing, it’s possible that you have made one or more of the top 7… RSSdoodle by The Lessnau Lounge. Results provided by Technorati. [...]