Is your firm making the news ? And, if so, why ?
WestLB AG is a commercial bank domiciled in North Rhine-Westphalia, Germany's most densely populated federal state and it is one of Germany´s leading providers of financial services.
All the talk of bonuses and games of hiring musical chairs has kind of distracted us from focusing on that big train coming down the tunnel - layoffs.
Bloomberg reports that Minneapolis-based investment bank Piper Jaffray is to cut around 40 of the 70 staff it currently employs in London, as its business model 'was impacted by the lack of capital raisings by...small and mid-cap clients'.
Bloomberg is reporting that Barclays Capital is to axe up to 600 jobs around the world following a review of its operations.
The early part of every year - after bonuses have been paid out - is usually when firms start to really beef up their payrolls (provided the outlook for the economy justifies it).
Speculation is already mounting about the firms that are likely to pay the most 'doughnut' bonuses (i.e. nothing) to staff this year-end.
The International Financing Review (IFR) released details of its 2010 Awards last week.
It was our most popular Best Place to Work poll yet, with in excess of 210,000 votes cast overall.
It's not only bonus payouts financial markets professionals are thinking about at the moment - it's also their job security.
The Times reports that the 400 people who work in global financial markets at WestLB in London have been advised that 15% of them will soon lose their jobs. The proposed cut follows swiftly on the 120 reduction in headcount on the equities side at WestLB Panmure.
Commerzbank came out Wednesday and confirmed that it was following WestLB's lead, and not paying discretionary bonuses to staff for their work in 2008.