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Big Banks Shedding Thousands Of U.S. Jobs

Friday, April 26, 2013 - 7:03 AM
From AP via CBS MoneyWatch
One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of America (BAC), Citigroup (C), JPMorgan Chase (JPM), Goldman Sachs (GS) and Morgan Stanley (MS) revealed that they have slashed more than 31,000 jobs, or 3.5 percent of their combined workforce, in the past year.

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Have you noticed any closing or downsizing of any of your local bank branches?
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Friday, April 26, 2013 - 8:04 AM
We have branches of local area banks opening and employees being hired. An oil boom brings in money and these banks are anxious to get the oilfield worker's money and make loans. Meanwhile, the local branches of the big banks mentioned in your post have remained as they have been with no closings or downsizing, nor opening any new branches.

In 2011 the average salary for rig workers and other industry personnel was $99,175. That number includes fat paychecks for the highly skilled, like $235,586 for a "drilling consultant" and $139,868 for a "reservoir engineer", according to Rigzone, an industry information provider that compiled the figures.

Oil rig workers make nearly $100,000 a year - May. 10, 2012
ShorebreakShorebreak2,700 posts since
Apr 6, 2010
Rep Points: 14,634