HONG KONG BUSINESS - Over 130,000 financial job cuts announced since October: UN - New Kerala HONG KONG BUSINESS - Over 130,000 financial job cuts announced since October: UN - New Kerala

Monday, February 23, 2009

HONG KONG BUSINESS - Over 130,000 financial job cuts announced since October: UN - New Kerala

Geneva, Feb 23 : There have been over 325,000 announced layoffs in the financial sector since August 2007, the International Labour Organization said Monday, noting that 40 percent of those cuts, or about 130,000 jobs, were made since October of last in Dow Jones News >

WASHINGTON - U.S. federal regulators pledged Monday to do all they can to shore up the country's struggling banking system and said they will launch a revamped program to inject fresh capital into financial institutions this week. The Treasury in Dow Jones News >

A report from the International Labour Organisation on the impact of the economic crisis said that financial services employment is now likely to shrink permanently. The ILO said on Monday that redundancies are likely to affect all kinds of jobs in in Dow Jones News >

A proposed national insurance regulatory office would give the federal government a window into the insurance business and allow it to identify and respond to emerging issues more readily than state insurance departments. Moreover, a national in Dow Jones News >

WASHINGTON -- Federal regulators said Monday they will launch a revamped program to shore up the nation's troubled banks that includes the option of increasing government ownership in financial institutions. The new plans are the Obama administration in Dow Jones News >

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