redundancies

Credit Suisse has announced it will cut 650 jobs in the UK as it struggles to deal with the financial crisis.

HSBC has confirmed it will cut 500 UK jobs following a review of business conditions.

Fidelity International is to shed about 300 staff in the UK as part of an anticipated 1,500 redundancies across three parts of the company.

Friends Provident will make an unspecified number of redundancies by combining its operations in Manchester.

Northern Rock has completed its redundancy talks with staff and confirmed 1,300 jobs have been cut.

Northern Rock has announced 1,300 staff will lose their jobs as part of its restructuring programme.

Aviva, the owner of Norwich Union, is to cut up to 1,800 jobs in the next two years as part of a restructuring in its general insurance arm.

Future Mortgages has been shutdown by parent company Citi and will cease all new lending from 21 May.

Swift could cut over a third of its staff as it consults with up to 60 over possible redundancies.

CHL Mortgages has announced it is to make 20% of its staff redundant due to a changed focus on credit quality and margins.