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Banks may shrink for good as layoffs near 160,000

 
gebahie

User ID: 10118097
United States
11/16/2012 02:02 PM

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Banks may shrink for good as layoffs near 160,000
Major banks have announced some 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.

A Reuters analysis of job cuts announced by 29 major banks showed the layoffs were much bigger in Europe than in Asia or the United States. That is a particular blow to Britain where the finance industry makes up roughly 10 percent of the economy.

The tally of nearly 160,000 job cut plans, meanwhile, is likely to be a conservative estimate as smaller banks and brokers are also cutting staff or shutting up shop, and bigger banks have not always disclosed target numbers of layoffs.


Read more: [link to www.foxbusiness.com]
Wisconsin

User ID: 26997708
United States
11/16/2012 03:16 PM
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Re: Banks may shrink for good as layoffs near 160,000
.
... will see how this reality works ...
.
Amos 5:13
timelines and Celebrations of Yeshua - [link to www.grafted-promise.net]
Anonymous Coward
User ID: 7702124
United States
11/16/2012 03:22 PM
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Re: Banks may shrink for good as layoffs near 160,000
So goes the economy....so goes the banking industry.


ochange
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User ID: 24011285
United Kingdom
11/16/2012 03:32 PM
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Re: Banks may shrink for good as layoffs near 160,000
This could be the sucking-out of the remaining lifeforce that 'high street banks' have left. Is this good though? We need to ask ourselves this:

Who will be left to control money, debt and wealth creation when the banks we all recognise vanish? Because the world will still continue to use some form of currency...

If you have not yet seen this very heartening and beautifully written and directed documentary, i suggest you put some time aside amidst the arrival of new wars and violence, and absorb this summery of all that is going on in this world today, and how we might start to change things.

[link to www.youtube.com]

Sorry but i cant embed. I hope the link works. If not, just copy and paste to your browser.

hf
BRIEF
Rebel with morals

User ID: 381742
United States
11/16/2012 03:41 PM

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Re: Banks may shrink for good as layoffs near 160,000
Wait, if banks create money from thin air then why the need to consolidate? LOL
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 24011285
United Kingdom
11/16/2012 03:49 PM
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Re: Banks may shrink for good as layoffs near 160,000
Wait, if banks create money from thin air then why the need to consolidate? LOL
 Quoting: BRIEF


Hi Brief. Mad though you are, you're an astute man... If everyone in the northern hemisphere chipped in justt 10 usd dollars, we could buy a huge cooperatve bank and never need to feed the monster again. What do you say?
BRIEF
Rebel with morals

User ID: 381742
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11/16/2012 03:51 PM

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Re: Banks may shrink for good as layoffs near 160,000
Wait, if banks create money from thin air then why the need to consolidate? LOL
 Quoting: BRIEF


Hi Brief. Mad though you are, you're an astute man... If everyone in the northern hemisphere chipped in justt 10 usd dollars, we could buy a huge cooperatve bank and never need to feed the monster again. What do you say?
 Quoting: Anonymous Coward 24011285


I say you're crazy :)
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 24011285
United Kingdom
11/16/2012 03:58 PM
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Re: Banks may shrink for good as layoffs near 160,000
Wait, if banks create money from thin air then why the need to consolidate? LOL
 Quoting: BRIEF


Hi Brief. Mad though you are, you're an astute man... If everyone in the northern hemisphere chipped in justt 10 usd dollars, we could buy a huge cooperatve bank and never need to feed the monster again. What do you say?
 Quoting: Anonymous Coward 24011285


I say you're crazy :)
 Quoting: BRIEF


5,825,931,067 times 10 is a lot of dollars.
peace
BRIEF
Rebel with morals

User ID: 381742
United States
11/16/2012 03:59 PM

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Re: Banks may shrink for good as layoffs near 160,000
Wait, if banks create money from thin air then why the need to consolidate? LOL
 Quoting: BRIEF


Hi Brief. Mad though you are, you're an astute man... If everyone in the northern hemisphere chipped in justt 10 usd dollars, we could buy a huge cooperatve bank and never need to feed the monster again. What do you say?
 Quoting: Anonymous Coward 24011285


I say you're crazy :)
 Quoting: BRIEF


5,825,931,067 times 10 is a lot of dollars.
peace
 Quoting: Anonymous Coward 24011285


Uh huh, and divided by 5,825,931,067 is still just ten bucks...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 24011285
United Kingdom
11/16/2012 04:03 PM
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Re: Banks may shrink for good as layoffs near 160,000
...


Hi Brief. Mad though you are, you're an astute man... If everyone in the northern hemisphere chipped in justt 10 usd dollars, we could buy a huge cooperatve bank and never need to feed the monster again. What do you say?
 Quoting: Anonymous Coward 24011285


I say you're crazy :)
 Quoting: BRIEF


5,825,931,067 times 10 is a lot of dollars.
peace
 Quoting: Anonymous Coward 24011285


Uh huh, and divided by 5,825,931,067 is still just ten bucks...
 Quoting: BRIEF


Sure, but we have to encourage support from middle class business by selling them small business loans. No derivatves just plain old collateral security.
gebahie (OP)

User ID: 10118097
United States
11/16/2012 04:15 PM

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Re: Banks may shrink for good as layoffs near 160,000
BRIEF
Rebel with morals

User ID: 381742
United States
11/16/2012 04:17 PM

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Re: Banks may shrink for good as layoffs near 160,000
...


I say you're crazy :)
 Quoting: BRIEF


5,825,931,067 times 10 is a lot of dollars.
peace
 Quoting: Anonymous Coward 24011285


Uh huh, and divided by 5,825,931,067 is still just ten bucks...
 Quoting: BRIEF


Sure, but we have to encourage support from middle class business by selling them small business loans. No derivatves just plain old collateral security.
 Quoting: Anonymous Coward 24011285


You realize that's about what Bill Gates is worth right? 60 Billion

Last Edited by BRIEF on 11/16/2012 04:20 PM
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
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United Kingdom
11/16/2012 04:27 PM
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Re: Banks may shrink for good as layoffs near 160,000
Bill gates and his kind might soon see a devaluation in their fortunes. Theres a right time to begin all things new. The time will come for us one day, to buy back what was always ours. Let him keep what he worked for. Everyone has their right to earn according to their works. The less privilaged in the human race just needs to see where the benefit is in investing in a better world, more fairly run.
BRIEF
Rebel with morals

User ID: 381742
United States
11/16/2012 04:30 PM

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Re: Banks may shrink for good as layoffs near 160,000
Bill gates and his kind might soon see a devaluation in their fortunes. Theres a right time to begin all things new. The time will come for us one day, to buy back what was always ours. Let him keep what he worked for. Everyone has their right to earn according to their works. The less privilaged in the human race just needs to see where the benefit is in investing in a better world, more fairly run.
 Quoting: Anonymous Coward 24011285


Gates doesn't care if he loses his fortune, he already gave it to charity (when he dies)...as long as he has his mind he can make it back...my point was that he alone could start a bank, but with 6 billion investors at $10/share your bank couldn't turn a profit...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 24011285
United Kingdom
11/16/2012 04:42 PM
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Re: Banks may shrink for good as layoffs near 160,000
Bill gates and his kind might soon see a devaluation in their fortunes. Theres a right time to begin all things new. The time will come for us one day, to buy back what was always ours. Let him keep what he worked for. Everyone has their right to earn according to their works. The less privilaged in the human race just needs to see where the benefit is in investing in a better world, more fairly run.
 Quoting: Anonymous Coward 24011285


Gates doesn't care if he loses his fortune, he already gave it to charity (when he dies)...as long as he has his mind he can make it back...my point was that he alone could start a bank, but with 6 billion investors at $10/share your bank couldn't turn a profit...
 Quoting: BRIEF


Well, my point is largely about changing the view about what is valuable whilst at the same time, borrowing a few of the tips that has allowed the money controlers to grab control of our world. Dont know really that many are ready to see the bigger picture from a 10 dollar risk. But this small investment could produce a modest retirement fund that would be good enough to feel comfortable with and, at the same time, knowing that together, we are claiming back some control while helping our own businesses flourish. The rate of that flouishing perpetuates wealth in its own right.
FatalW1shes

User ID: 18009481
United States
11/16/2012 04:44 PM

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Re: Banks may shrink for good as layoffs near 160,000
Well one thing for sure.

1 year from now we will be living in a very different world.


It's hard to adjust to so much.

Two days of super pinned threads....

Fuck me, things are happening so fast.
BRIEF
Rebel with morals

User ID: 381742
United States
11/16/2012 04:52 PM

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Re: Banks may shrink for good as layoffs near 160,000
Bill gates and his kind might soon see a devaluation in their fortunes. Theres a right time to begin all things new. The time will come for us one day, to buy back what was always ours. Let him keep what he worked for. Everyone has their right to earn according to their works. The less privilaged in the human race just needs to see where the benefit is in investing in a better world, more fairly run.
 Quoting: Anonymous Coward 24011285


Gates doesn't care if he loses his fortune, he already gave it to charity (when he dies)...as long as he has his mind he can make it back...my point was that he alone could start a bank, but with 6 billion investors at $10/share your bank couldn't turn a profit...
 Quoting: BRIEF


Well, my point is largely about changing the view about what is valuable whilst at the same time, borrowing a few of the tips that has allowed the money controlers to grab control of our world. Dont know really that many are ready to see the bigger picture from a 10 dollar risk. But this small investment could produce a modest retirement fund that would be good enough to feel comfortable with and, at the same time, knowing that together, we are claiming back some control while helping our own businesses flourish. The rate of that flouishing perpetuates wealth in its own right.
 Quoting: Anonymous Coward 24011285


Borrowing money is not the key to building wealth...once people realize that then banks won't be needed and people won't be so greedy and climb into debt. Bankers aren't the greed ones, it's the ones that suck their dick for their cash who are greedy...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 24011285
United Kingdom
11/16/2012 04:52 PM
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Re: Banks may shrink for good as layoffs near 160,000
I will just put it all in a nutshell..

Right now, we are run by the corporations. Lets stick an 'o' in that and change it to cooperations!

Take care all.

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