Barclays' decision to cut 500 positions in its corporate banking business has meant job losses in the UK banking sectors have hit almost 1,400 this week.
On Wednesday, Lloyds cut 360 jobs as part of its continued cost-saving programme, while Royal Bank of Scotland announced the loss of more than 700 jobs, the Telegraph reports. David Fleming, a Unite national officer, said: "These workers are paying the price for the financial risks taken by those rich and greedy bankers at the top of the finance sector." Read more here Basel III break for banks in EU Banks in the European Union could avoid some of the tighter Basel III capital requirements under draft legislation implementing the standards across member nations. The 500-plus p...
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