Citigroup to resume job cuts after pausing for pandemic


The reductions will affect less than 1% of Citi's global workforce, and with recent hiring the overall headcount probably won’t decline, the company said.


Wells Fargo resumes job cuts in break with rivals


Wells Fargo has started its long-awaited job cuts, breaking with some of its top U.S. competitors that have resisted workforce reductions amid the coronavirus pandemic.


HarborOne job cuts reflect lower branch traffic, coronavirus fallout


The Massachusetts company is laying off more than 40 employees with a focus on people working in its retail banking operations.


Five Star is latest bank to shutter branches amid decline in foot traffic


The Warsaw, N.Y., bank said it will close 10% of its branches and lay off 6% of its staff in response to customers’ growing preference for remote banking.


HSBC resuscitates plan to cut 35,000 jobs to boost growth


The bank joins rivals such as Deutsche Bank AG and UniCredit SpA in forging ahead with job cuts that were put on hold at the outset of the pandemic.


Virginia community bank cuts 12% of its staff


New Peoples Bankshares said the layoffs were necessary because of the coronavirus pandemic and "a changing financial services industry."


Prepping for PPP 2.0, new bankers’ hours, rethinking branch design: Top stories of the week


Lenders are set to flood the SBA with new PPP applications; long nights and weekends the new normal; Fifth Third rethinks new-branch designs in light of coronavirus; and more from this week's most-read stories.


Corbat urges caution; Goldman donates masks


Citigroup CEO says it’s a “fine line” between supporting customers and burdening them with debt; Goldman gives away 600,000 N95 masks it had from prior scares.


Addressing the coronavirus; Wells workers to testify


Wall Street banks make plans to keep workers in Tokyo safe; the employees are bringing their grievances against the bank to Capitol Hill.


HSBC plan sidesteps CEO question; Bloomberg would toughen bank regulations


The overhaul calls for massive job cuts but leaves interim CEO Noel Quinn’s permanent role in limbo; the program would throw out most of Trump’s Dodd-Frank rollbacks.