Sitemap

Global Banks Slash 62,000 Jobs in 2023, Echoing 2007-08 Crisis Levels

CorD Recommends

Serbia Commits €5.4 Billion to Renewable Energy by 2030

Serbia's state-owned power company, Elektroprivreda Srbije (EPS),...

Serbia’s Zlatibor and Croatia’s Labin Unite in Tourism Pact

In a step to strengthen international ties...

Serbia’s Agrarian Giants: The Landowners Reshaping the Countryside

A recent survey has revealed Industrija mesa...

Balkan Borders Blur as Free Labor Movement Pact Launches

Marking a significant shift in the labor markets of Southeast Europe, Serbia, Albania, and North Macedonia have forged an...

Southeast Europe Unites in Support for Ukraine at Tirana Summit

In a striking demonstration of unity from Tirana, Southeast European leaders, together with Ukraine's President Volodymyr Zelenski, have collectively...

New Management In Schneider Electric Serbia And Montenegro

Schneider Electric, the global leader in digital transformation of energy management and automation, announces the appointment of Miloš Vuksanović...

Nestlé Unveils Plant-Based Meal Factory in Surčin, Serbia, with a €80 Million Investment

Nestlé has taken a significant step towards expanding its sustainable food production footprint by inaugurating a new €80 million...

Serbia Commits €5.4 Billion to Renewable Energy by 2030

Serbia's state-owned power company, Elektroprivreda Srbije (EPS), has announced an ambitious plan to invest €5.4 billion in renewable energy...

In 2023, the world’s leading financial institutions cut around 62,000 jobs due to a lack of stability and a decrease in stock market transactions, as reported by the Financial Times. 

This reduction is one of the largest since the financial crisis 15 years ago.

The Financial Times estimates that the top 20 global banks laid off at least 61,905 employees this year. This number is in line with the more than 140,000 jobs cut by the same banks during the 2007-08 global financial crisis.

Read more...

EIB Global Channels Record €1.2 Billion into Western Balkans

EIB Global, the European Investment Bank's arm for non-EU activities, has made a landmark investment of €1.2 billion in the Western Balkans for 2023,...

The EU and UNDP allocated 580,000 euros for civil society

The European Union and the United Nations Development Program (UNDP) have allocated funds for the implementation of 12 initiatives of civil society organizations (CSOs)...

Half of these job cuts were in Wall Street investment banks, which have struggled to adapt to the rising interest rates in the US and Europe.

Related Articles

European Banking Titans Surpass €100 Billion Profit Milestone Amid Rising Interest Rates

For the first time in history, Europe's banking behemoths have collectively breached the €100 billion profit ceiling, fueled by a significant uptick in interest...

Western Balkans Eye EU Membership by 2028

At the esteemed Munich Security Conference, a cornerstone event in global security discourse, leaders from North Macedonia, Albania, and Montenegro have passionately renewed their...

EIB Global Channels Record €1.2 Billion into Western Balkans

EIB Global, the European Investment Bank's arm for non-EU activities, has made a landmark investment of €1.2 billion in the Western Balkans for 2023,...

The EU and UNDP allocated 580,000 euros for civil society

The European Union and the United Nations Development Program (UNDP) have allocated funds for the implementation of 12 initiatives of civil society organizations (CSOs)...

EU Agreement Grants Consumers the Right to Repair Beyond Warranty Period

In a significant stride towards sustainability, European Union negotiators have reached a political agreement on a directive that will grant consumers the right to...

IMF Boosts Global Growth Forecast Amid Lower Energy Costs

The International Monetary Fund (IMF) has revised its forecast for global economic growth upwards for this year, buoyed by robust consumer spending and declining...

Croatia Tops Affordability Chart for EU Arable Land

The European Union's 2022 data unveils a captivating snapshot of arable land prices, with Croatia emerging as the beacon of affordability for potential landowners.  In...

European Heritage Hub launches Small Grant Scheme for heritage projects in EU neighbouring countries

Grants of between 2,000 and 50,000 EUR will be awarded to civil-society-led heritage projects, with a special focus on those advancing the green, digital...