Economy improving, so why layoffs?

The economy appears to be gaining steam, but companies are still laying off hundreds of workers in the Dallas-Fort Worth area and thousands across the country.

Spanish banking unions brace for more job cuts

MADRID: Spanish banking unions are braced for thousands more job cuts this year, starting with redundancies at Spain's largest bank Santander after its merger with subsidiary Banesto.

Banks shrink as job cuts near 160,000

Major banks have announced about 160,000 job cuts since early last year and with more layoffs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two to one.

Lloyds, Royal Bank of Scotland announce 1,900 job cuts

LONDON: Part state-owned British banks Lloyds and Royal Bank of Scotland announced a total of 1,900 job cuts on Tuesday, drawing the anger of the Unite trade union which said it had written to the government urging it to intervene.