Banks cut 5,500 branches across Europe in 2012

[CityFarmer]

5,500 branches... If average 10 staffs per branch, it was 55,000 staffs out of job...

Banks cut 5,500 branches across Europe in 2012

LONDON – Banks cut 5,500 branches across the European Union last year, 2.5 per cent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008.

Last year’s cuts come after 7,200 branches were axed in 2011, according to data analysed by Reuters from European Central Bank statistics.

http://www.todayonline.com/business/bank...urope-2012

[cfa]

Welcome them with open arm , they are FTs.

[quantcall]

5,500 branches... If average 10 staffs per branch, it was 55,000 staffs out of job...

Banks cut 5,500 branches across Europe in 2012

LONDON – Banks cut 5,500 branches across the European Union last year, 2.5 per cent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008.

Last year’s cuts come after 7,200 branches were axed in 2011, according to data analysed by Reuters from European Central Bank statistics.

http://www.todayonline.com/business/bank...urope-2012

layoffs coming to asia? sg?