Mass Sack Looms In Banks

• Over 500 Branches To Be Closed CONSEQUENT upon emergency appraisal, tagged “competency test,” organised for the staff of rescued banks, there are strong indications that another gale of sack may soon hit the nation’s financial services industry.      The move is viewed as part of measures by the banks to cut down cost and clean up their balance sheet in consonance with recent claims of return to profitability. As part of the cost-cutting measures is the banks’ compliance to a reported ...
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Added September 11, 2010
from Guardian News