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Swiss banking sector may face more job cuts: Report

Last Updated: Sunday, August 28, 2011, 19:08

Switzerland's banking industry may have to slash 10,000 jobs by the end of next year, particularly at Swiss subsidiaries of big foreign banks, Swiss newspaper SonntagsZeitung reported.

Spanish bank acquires failed US bank

Last Updated: Monday, August 22, 2011, 11:04

Spain's Banco Sabadell acquired nearly all of the assets and certain liabilities of Florida-based Lydian Private Bank under the terms of an agreement with the Federal Deposit Insurance Corporation (FDIC).